DislikedWhen price closes above 89SMA it is still in a bullish market so we describe it as +1. But when price closes above 89SMA and the 8EMA the market is even in a stronger bull, therefore we describe it +2. And vice versa, when the price closes below the 8EMA and the 89SMA the current market rhythm is -2 bearish.
This might confuse you a little first, but when you go to Palmer's website: www.fxtradeblog.com go to The Method and click on Market Rhythm and you will see how simple to understand this is with graphs included.
So before I make you more confuse, go and check it out.
Song,Ignored
Pete