I'm trying to get some understanding of AP and would be grateful for some feedback re validity of my positioning of the points on TLG.
Daily has been running outside of the short term pink fork (but completely within on the weekly?), and has been contained by the long term thicker purple fork. I assume this thick fork is the dominant one? And so bets are off when price breaks below? But then what about the blue fork?
I just watched a video which shows using the AP to set targets - perhaps a timing method for my target for TLG with is 42c (based on the h&s bottom). This AP was drawn using points 1 and 2 and setting point 3 based on the median line trend. Valid? Point 3 is never going to be as placed on the chart.