Question: Do price waves answer the Continuation or Reversal question?
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Answer: Yes when you understand Wyckoff logic, more so if you understand Richard Wyckoff law off ‘Effort vs Results’ and how it supports the Richard Wyckoff law of ‘Supply and Demand’.
AMZN price chart with waves colored (the daily price waves are the same formula as PnF wave/bar calculation below, allows sync of price action).
Auto PnF chart from our Swing Pop out charts.
NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net
“Success in trading means excess of profits over losses. If anyone tells you they can almost be invariably successful, put him down as trying to impose on your credulity.” ~ Richard D Wyckoff
“If past history was all there was to the game, the richest people would be librarians.” ~ Warren Buffett