Note that the swing from point 9 to point 10 was minor compared
with most of the swings used for this analysis. If you are just learning this
type of work, it may be difficult to identify that swing. I’ve been doing this
work long enough, however, to know that this swing, which would be
more obvious on a five-minute chart, would be a good confirming ratio for
this cluster zone.
On this particular chart, I also left the projections for another cluster
that developed right above our initial example at the 12631–12635 area. It
is not unusual for more than one cluster zone to develop on the chart you
are analyzing. In most of my book examples, however, I will erase the
other price relationships so that we can focus on one setup at a time.