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(This is Part 11 of a series. Go back to Part 10.)
Soon after the TX lines begin to separate from one another (just after the F’ pivots), they cross their moving averages (shown as the solid lines bisecting the SD bands), and in harmony with this event, the BTX crosses above 35 (pt. H), telling us that a new trend was in force. BTX then rose steadily from August 2005 into the top in May 2006 (labeled pt. J), with only two brief one or two bar interruptions (labeled i and ii) of the bar-by-bar increase in BTX scores.
Importantly, the brief 2 bar pullback in BTX (at pt. i), which might otherwise have created minor short term concern, was accompanied by an NMC Zero Hit (ZH) at the precise support level provided by the Ocean Fast Moving Average (FMA).
(This is the end of Part 11. Go to Part 12.)
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