The support forum is built with (1) General and FAQ forums for common trading queries received from aspiring and experienced traders, and (2) forums for course video topics. How to Trade Price Action and How to Trade Forex Price Action videos are consolidated into common forums.
Brooks Trading Course social media communities
Meaning of minor wedge and minor DT / DB
I have searched the glossary, but they're not there. I've seen Al mention these terms in the daily reports. I am guessing minor wedge is one where the last leg is too strong, so it might need one more leg, but I'm not sure what a minor DT / DB is.
I don't remember seeing them in the course.
Richard, would it be possible to ask Al to add these terms to the glossary? Thanks.
Yes, I have noticed Al using the minor adjective quite a lot recently. IMHO it reflects a hindsight assessment so not really needed, as it can raise queries. 🙂
The Glossary does cover these situations under the "minor trend reversal" topic so guess Al might not be keen on adding more, but I can ask him. If we did add "minor..." it could result in quite a number, so perhaps modifying the "minor trend reversal" topic would be a better solution.
I see. So anything minor is basically resulting out of a strong leg which will probably give at best a minor bounce, and the original strong leg should have at least one more small second leg. That makes sense.
I am guessing minor wedge is one where the last leg is too strong, so it might need one more leg, but I'm not sure what a minor DT / DB is.
The way I understand it is that a minor pattern is less likely to result in what this pattern usually results in. For example, if there is a wedge bottom in a strong bear trend, this pattern will be less likely to result in TBTL sideways to up than a wedge bottom in a trading range or bull trend. In the strong bear trend, the directional probability down is too high to achieve a 75% probability of a breakout above the wedge bottom bear trend channel line, making the pattern minor.
Hope that helps, Andreas