Registered: May 2004
12-03-08 06:04 PM
Quote from Hombre:
I thought that prime low is the lowest low when oscillator is in the oversold area . Please, explain if I am wrong .
He is referring to a specific Prime Low as it compared to the previous Prime Low that was higher. That would make his referred Prime Low as a Prime Higher Low.
Price creating a Prime Higher Low has the greatest potential, at that point, to test and breach the previous Prime Higher High . . . which it did.