The New Science of Technical Analysis By Thomas Demark
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When a contradictory breakout out happens, the active TD line and its price objective should be ignored and the new breakout out should cancel the previous one and be considered as the prevailing trend.
now, this point if I understand it correctly I find it confusing, as I understand by this he assumes that the price should go straight to its price objective after the breakout without any retracement which may cause “contradictory breakout” considering this recent breakout as a trend reversal.
Would anyone who is interested in Demark’s methods correct me if I am wrong and help me understand this point? and how would that be possible for swing trading? noting that he introduced TD Line cancellation for swing trader
Thanks