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1. Bear Trend starts before Bull Trend has ended:
Isn't this a Trading Range ?
2. By definition: Bear Trends need lower Highs, Bull Trends need higher Lows.
How can a Trend violate these rules and still be classified as a Trend?
3. Wedge flag, flag, Pullback:
Is it better to classify them as separate Trends or Brief Pullbacks within an Opposite Trend?
4. Flag: if Trend does not resume after flag, is it still a flag?
5. Wedge Bull flag often begins before Bull Leg ends:
How can a flag exist without a leg?
1. Bear Trend starts before Bull Trend has ended:
Isn't this a Trading Range ?
Yes, there is always a transition phase.
2. By definition: Bear Trends need lower Highs, Bull Trends need higher Lows.
How can a Trend violate these rules and still be classified as a Trend?
Because there are major and minor lows, a minor low can be violated and the bull trend still be intact.
3. Wedge flag, flag, Pullback:
Is it better to classify them as separate Trends or Brief Pullbacks within an Opposite Trend?
The later.
4. Flag: if Trend does not resume after flag, is it still a flag?
Yes, it becomes a failed flag.
5. Wedge Bull flag often begins before Bull Leg ends:
How can a flag exist without a leg?
The leg up is the trend before the wedge bull flag forms.
The highlighted bar is not a higher low.
Point #1 does not appear to be a lower high in a Bear Trend.
16C part 1: New Trend begins in old Trend
What do we need to know from this section?
How does this section relate to placing trades? (entering/exiting, taking profits, keeping losses small, etc.)
The highlighted bar is not a higher low.
Yes, it is. It would be clear if you could see it in a lower time frame.
Point #1 does not appear to be a lower high in a Bear Trend.
The bear trend is not shown but you can imagine it is there because it is what Al is explaining.
16C part 1: New Trend begins in old Trend
What do we need to know from this section?
He is explaining part of the MKT cycle, especifically the transition from trend to PB so you can learn how to count legs within a PB properly.
