Multi Time Frame Resistance
Tension models the possibility space of the broad market. When tension moves over zero it indicates that possibility space is moving in that direction on that time frame. The core idea which fuels MTFR analysis is that players are inherently motivated to front run directional price trends in equity indexes. As equity markets genuinely show signs of a trend change then tension approaches zero; and this models counter-trend positions attempting to get in front of a major shift in sentiment and price. The failure of this tentative trend change is what inspires prices to ‘bounce’ due to counter-trend traders creating with-trend demand while exiting their respective positions.