I really want to discuss your views on the market. But no one makes such comments. Will provoke discussion with a quote from the book of James A. Hyerczyk.
"On a daily chart, when price crosses the 1 x 1 from a bottom, it may not be strong enough to overcome time. This usually causes the market to rest on the 1 x 1 or break under it, only to find support at the 1 x 2. When the time is right and the cycle has run out, the market will usually establish itself on either the 1 x 2, 1 x 1, or 2 x 1 angle. Ideally, the market will follow the 1 x 1."
This refers to the bull market, but I can easily turn it to bear, it is now.
"On a daily chart, when price crosses the 1 x 1 from a top, it may not be strong enough to overcome time. This usually causes the market to rest on the 1 x 1 or break over it, only to find resistance at the 1 x 2. When the time is right and the cycle has run out, the market will usually establish itself on either the 1 x 2, 1 x 1, or 2 x 1 angle. Ideally, the market will follow the 1 x 1."
Here I have designated the angles 1x1, 2x1 and 1x2 from the top 1.4547. Also, the cycle is six months or 126 days. I calculate the values of the price when these angles reach the end of the cycle. Where do you think will be the market price after 33 days?
"On a daily chart, when price crosses the 1 x 1 from a bottom, it may not be strong enough to overcome time. This usually causes the market to rest on the 1 x 1 or break under it, only to find support at the 1 x 2. When the time is right and the cycle has run out, the market will usually establish itself on either the 1 x 2, 1 x 1, or 2 x 1 angle. Ideally, the market will follow the 1 x 1."
This refers to the bull market, but I can easily turn it to bear, it is now.
"On a daily chart, when price crosses the 1 x 1 from a top, it may not be strong enough to overcome time. This usually causes the market to rest on the 1 x 1 or break over it, only to find resistance at the 1 x 2. When the time is right and the cycle has run out, the market will usually establish itself on either the 1 x 2, 1 x 1, or 2 x 1 angle. Ideally, the market will follow the 1 x 1."
Here I have designated the angles 1x1, 2x1 and 1x2 from the top 1.4547. Also, the cycle is six months or 126 days. I calculate the values of the price when these angles reach the end of the cycle. Where do you think will be the market price after 33 days?
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar