Hey bud, as always the greatest charts in the world. Do you believe me if I tell you I spent almost the last month studying for hours all your charts trying to figure your pattern of thoughts behind them....it's totally mind-blowing, but believe me, this approach it's revolutionary.
Let me try to explain the logic I have found behind them and you tell me if I am wrong or right.
1) you track all the possible trend lines to identify major trends
2) you track market cycles to determine intervals where the market could swing
3) you apply the Fibonacci intervals on time cycles and on price actions
4) you determine in this way several apexes where the market potentially could swing
5) the accurate research of fractals can support the theories determined from the grid of trend lines and fib
Open questions still under researches are:
a) the big circles: no idea how to read them (I am talking about the circles in the middle of the chart, not the time cycles)
b) the use of some symbols like the umbrella for example: hmmmmmm!
So, am I wrong or I am on the good path?
BTW, thank you for your job and hope to see more charts from you bud!
Good trading!
fract
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@caimano, Very amazed to hear that!
a) Blue circled parts - are the patterns which share common scenario. You notice that particular M shape (two headed microfractal) that occurs after each decline. We have a situation where that fractal redraws itself continuously. Right now we see this triangular formation which made second head lower than the first one. (b) If the price breaks above this triangle up to "umbrella level", this will trigger more bulls in the market, as all involved see a clear signal of entering. To be able to go a lot higher it must not cross below red line, It should stay in the umbrella level for quite some time.
caimano
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@investa, Thanks for the feedback!
Based on your chart I have estimated the bounce at 7.050-7,100 June the 1st, let's see...if this workout in this way...wooow!
@investa, You scared me....4K it's very low to regain trust in retail investors. Hope we going to test the 7K and go up to 9K zone and finally break the trend line to go higher. Overall if we re-test positively the 7K we establish the 3rd higher high this should confirm a trend....but let's see...
Question: the circles you have used in your last update are the FIb Circles? if yes, how you use them in so uniform intervals? and where do you start and finish the circle trendline?
Let me try to explain the logic I have found behind them and you tell me if I am wrong or right.
1) you track all the possible trend lines to identify major trends
2) you track market cycles to determine intervals where the market could swing
3) you apply the Fibonacci intervals on time cycles and on price actions
4) you determine in this way several apexes where the market potentially could swing
5) the accurate research of fractals can support the theories determined from the grid of trend lines and fib
Open questions still under researches are:
a) the big circles: no idea how to read them (I am talking about the circles in the middle of the chart, not the time cycles)
b) the use of some symbols like the umbrella for example: hmmmmmm!
So, am I wrong or I am on the good path?
BTW, thank you for your job and hope to see more charts from you bud!
Good trading!