Understanding price action & its direction moving forward would have to undergo a certain process to be able to achieve a high degree of accuracy in determining where the next directional price trend will take its course. This is where a balance can be derive between technical and fundamental analysis takes place.
The application is best suited for the Foreign Exchange Market & Correlated Financial Instruments. This is the most basic formula to gauge market direction as it horizontally expands into a complex dimension called the 'CIPHER3 ™ Analysis by alexander@megatrade101' when other financial instruments becomes embedded and part of the trading equation.
External Forces >< Price Action based on (OHLC) Price Page Indicator >< Technical Tools = Trend Direction
External forces are the fundamentals factors that drives market prices that heavily influences price movement directly and/or indirectly; since markets are relative and correlated financial instruments affects each other especially in today's global trading activity. Once the markets have absorbed data and news reports traders and strategist reverts back to the drawing board by checking for historical price references.