balance lines

Demo'ed a TL whose patterns matched so well I had to share --





This doesn't happen often. It is prudent to look for shapes along a TL to see when the TL fails, however.


(GF = Gann Fan)


Oh, just to tie up loose ends: Found one good clue as to why the big balance pattern in the downtrend was there instead of the expected GF --

Logr and midline identification of each small 1'TF trend added to a directional "pull" of a trend's angle juxtaposing the other's angles, can tell the next major 1'TF direction:

(ex.1)




I chose spinning tops and one-pip bars to define more precisely the two trends shown.
It's kind of like the right-hand trend was a logr that barely, strainingly, escaped the settled-into nature of the left-hand trend, before it (the right-hand trend) did a midline from and above the left-hand trend's settle line. Then, the looped jump after the right-hand trend, satisfying that midline, led to a logr fall from its peak, which then began a cascading drop of the overall area.

(ex.2)



The box is a midline, the circle a logr (logarithmic curve).
Here, logr is contained / controlled, and a faint midline compromising with a dominant logr in the right middle trend
in a halting, slowing way -- Observe the date and time, it's right after the last example's drop (the missing piece of chart) --
and, volume / volatility having completely halted in the second yellow box,
price acts just as certain about down logr stopping through going only up.



NOTE:
I'm on demo.

balance lines:
using TL's to establish divergence (alternately, 'deviation')

Both after the general angle of PA changing the other way (thus, the vertical line),
two Gann Fans solidly based on straight lines crossing
or a couple of interbalanced midlines setting a short trend,
change which to favor direction at a large, well-shaped balance pattern:


detail (note: GF's tend to jump around, ignore except anchors,
preferring above chart's depiction of where GF lines go aligning with PA):