An inner hairpin (like a standard hairpin) is created by first drawing a between 2 extreme aspects. Then, a third point is established above or below the second point, depending on the desired location of Inside by the analyst. Note that the default Inside setting requires 2 sets of extra lines to be drawn.
The elementary initiative behind the use of an inner fork and a standard fork is that such drawings in essence invent a type of trend channel. A trend is estimated to be constantly active that the cost remains within the Inside channel. Reversals occur once the cost exits an Inside channel.
Example of Strong Trend Change:
In the image we can see that we are using Modified , to try to get an idea of how the downward trend will continue, but in the indicator where we place the text, we see a strong change in trend, it could generate a channel, so it’s time to apply Inside .
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