Scored reversals wait for a three-bar breakout

One coded procedure, not a set of placed notes

A fully featured daily-chart procedure can bundle templates, coded expert marks, a ranking scan, and system tests. Entry, exit, and abstention are then handled as one rule-based-entry set.

Long and short arrows plus two-letter expert-marker annotations are produced by math applied to support, resistance, and price zones. They are not placed where a reversal merely looks ideal.

Derived levels, marker types, and the entry-score

Major derived-support-resistance lines are selected from minor pivot peaks and valleys, then drawn as solid levels. The minor levels remain as dashed lines.

Expert-marker annotations split into three reversal projections and one breakout mark. Each type is described in the system help.

An entry-score from 10 to 90 ranks those markers. The designer’s stated preference is to require a reading above 60 before treating a reversal as an entry candidate.

A lowest-low reversal that still needed a breakout

On the illustrated daily series, a reversal expert-marker printed on the 15 October 2014 lowest-low bar. The commentary still required the bounce-signal high to be broken within three bars.

Editorial reading: that breakout confirm is what turns the reversal projection into a falsifiable trade hypothesis. The rule-based-entry set withholds the entry until the bounce or range high is taken out inside the stated bar window.

Lookback-replay and a Fibonacci read of the same scores

Reloading the same series only through 3 November 2014 left those expert-marker annotations unchanged. Later bars did not add or relocate the mid-chart reversal and breakout marks. That lookback-replay checks that the same marks appear when the calendar is frozen.

A fibonacci-retracement template inspects pullback depth on the same chart scale and is an alternate way to read the same bullish and bearish scores shown in the expert commentary window.