Tubbs 2 Point Swing Rule

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Tubbs 2 Point Swing Rule

This is a price fore-casting tool for use when a security is encountering support or resistance.

Tubbs Swing Rule holds that a market encountering support or resistance will eventually swing as much above a resistance level as was its previous swing below the resistance level. The opposite applies in the case of a support level or bottom.

The tool lets you position Point 1 on the level of resistance, and then position Point 2 on the extreme of a following swing. The tool will then plot pressure point levels on the opposite side of the resistance level, that is where the market will eventually swing:

tubbs2point.gif

The location of the points, and the appearance and properties of the lines, can be manually adjusted in the Tubbs 2 Point Swing Rule Properties dialog. This tool uses common tool functionality.

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