Chinese travel on 16 In earlier discussions we touched briefly upon the virtues of proportion in the trend/ pullback relation. We can refer to it as the harmony principle. Although somewhat prone to personal interpretation, within it there are quite a few elements present that can be put to good use without much room for debate. A first sign of harmony, and rather easy to detect, is a favorable degree of retracement. Another thing to monitor is the way the bars in the pullback get printed. They do not have to be all white or all black, but their average span should not exceed that of the bars in the dominant swing. On balance, the best reversal candidate is a pullback that appears to travel almost reluctantly against the dominant pressure. Chinese travel 2016.
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