T1 is not the finish line
When the 🏇🏼T1 Horse fires, price has pierced the Bollinger Band for the first time in the direction of the trade. That is a meaningful event — the move has reached the outer edge of normal distribution. But piercing the band is not the same as sustaining extension beyond it.
Price touches the band and reverses constantly. The band pierce alone does not confirm the campaign is real. The King asks a harder question: did price close beyond where T1 was? Not above the band in general — beyond the specific level the Horse recorded. The move had to extend further.
The sequence
The King is the third event in a campaign. Each step must happen in order.
Call campaign and put campaign
The threshold and direction flip depending on which side has permission.
It fires once
The King is a singular event. Once it prints, the campaign is declared extended and the King is done. There is no second King, no repeating confirmation — just the one bar where price closed beyond where the Horse had been. After that, the campaign has answered the question it was asking.
This is what separates the King from a momentum indicator. It is not tracking how far price goes — it is asking one binary question after T1: did the move extend or not? The answer is yes or no, and it is given once.
When the campaign ends before the King
The King can be aborted. If the opposite side earns entry permission before price closes beyond T1's level, the campaign is over — and the King will not fire for that entry. The session has changed sides before the extension was confirmed.
A T1 without a King means the band was touched but the move did not sustain. That is information too. The campaign reached the band and stalled — the opposite of extension. Knowing the King never printed is part of reading how the session resolved.
Why it matters for options
An options position held through T1 is already in good shape — the move reached the band, the position has value. The question is whether to hold or take profit. The King gives a structural answer: price just closed beyond T1's level, meaning the move is not finished. The extension is confirmed.
Without the King, T1 is the signal to evaluate. With the King, the campaign has declared itself extended — the position has a second confirmation that the move is real and continuing. For a call, that means closing above where the band was first pierced. The ♛Queen said which side. The ♖Rook confirmed the structural break. T1 reached the band. The King says the band was not the ceiling.
On any chart
Add a Bollinger Band indicator to your chart. When the first band pierce fires — price crosses above the upper band for a call, or below the lower band for a put — note that level. That is your T1 level. The King fires on the next bar where price closes beyond it.
The check is simple: mark the T1 bar. Watch whether any subsequent bar closes further in the same direction. If it does before the opposite side becomes active — that is the King. One recorded level, one comparison, one answer per campaign.