Ninety-nine percent (99%) of the time, LOF Fall Channel EXITs correctly indicate the time Price will move through a level on the model. Against what some might consider impossible odds, the LOF model predicted the EXIT with both accuracy and precision, as indicated by CL2 (Magenta).
Note that the forces shown in Black are taking over. Earlier we saw the forces in Blue controlling Price throughout the rise in late 2017 and the first several months of 2018. The forcelines in Black have a slightly less slope, and should be more stable in the medium and long term.
Price still needs to work its way out of the Extended Fall Channel and needs to first open and close above the Peak Outlier. Until then STEEM remains in a Post-Peak Extended Fall Channel.
See the post predicting this EXIT
Learn more about Lines Of Force
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