THE GOODMANWave Theory

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Steamboat Springs, Colorado · Manama, Bahrain

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While you wait

Exercise

Draw what you expect next

TP of the larger swing already happened the Laydown

A swing has just finished, top to bottom. You want to see a 1-2-3 up from here. Where do the three ending points go, and what level must the last one reach?

Show the answer

Lay it down before it happens: the first swing covers two sixths of the completed swing, the correction gives back one sixth, the third adds two sixths — landing at three sixths, the Tipping Point of the larger matrix. That is where the Laydown’s SPS EP is always drawn. Angles mean nothing here; time is not a factor. If price then runs off the 3-C count, redraw the final swings.

Notebooks Book 1, Standard Technique 5, pp. 14–16 · CODEX Part One, pp. 153–154

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The list

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Charlie wrote to his students. We do the same: a new plate, a chart worth looking at, a note when a book is finished. No schedule, no sequence, no selling to you every Tuesday. Leave when you like.

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