Three levels before a decision.
For a printed reversal, MIZAN draws entry, stop, and target references. Read them with that signal’s score and reward-to-risk value. Continuation marks provide a target only, with no defined continuation stop, and are excluded from the reversal ledger.
The dotted levels can refer to an earlier confirmed signal while the panel describes the latest bar. They do not mean a trade remains active. They are not orders or a guarantee of a fill.
What reward-to-risk measures.
For a proposed long setup, the reward distance runs from entry to target; the risk distance runs from entry to stop. For a short setup, those directions reverse.
The ratio compares the magnitude of those two distances. For example, a target 15 points from entry and a stop 10 points from entry describes 1.5R before execution costs. That is an arithmetic example, not a forecast or a trade recommendation.
Why evidence can still be refused.
Active presets apply a score floor and a reward-to-risk floor. Custom settings can change those checks. Positive reversal geometry is still required, and a high score cannot override another failed requirement.
Read the small-cross label to distinguish a conviction refusal from a geometry refusal. The chart-mark reference describes those labels and the other gate symbols.
Settings change the question.
The risk buffer and target mode affect the displayed ratio. Active presets can override the manual conviction and reward-to-risk thresholds.
Check which controls are active. When comparing sessions or ledger results, match those controls instead of assuming that two similarly shaped marks had the same geometry.
A defined setup can still lose.
The stop is an invalidation level in the model. It does not guarantee an execution price during a gap or a fast move. A target does not guarantee that an order reaches or fills there.
The ledger accounting rules describe how MIZAN resolves modeled outcomes, including ambiguous bars that touch both levels. Read that accounting before interpreting a historical R result.