courtesy of William Randall
This is look at the shorter price waves of the NQ from my bandpass filters. I created a "composite model" envelope based on the dominant price waves. Unlike phasing based on "pattern recognition", the price waves do not synchronize at lows. However, they will become congruent at close to both the highs and lows which provides a heads-up on a potential turning point. This technique can be used on any wave, from the 4 year wave down to the shortest intraday wave. I do not place too much emphasis on the envelope projected too far into the future. The price levels will change slightly as new data is added. The location of the future peaks and troughs is based the projection of the recent average period, similar to ST.
This is look at the shorter price waves of the NQ from my bandpass filters. I created a "composite model" envelope based on the dominant price waves. Unlike phasing based on "pattern recognition", the price waves do not synchronize at lows. However, they will become congruent at close to both the highs and lows which provides a heads-up on a potential turning point. This technique can be used on any wave, from the 4 year wave down to the shortest intraday wave. I do not place too much emphasis on the envelope projected too far into the future. The price levels will change slightly as new data is added. The location of the future peaks and troughs is based the projection of the recent average period, similar to ST.
Attached Image (click to enlarge)
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