Circular Trendlines

Kambooj,
Thank you for all your time and posts, i read them all.

what Are you using for the time lines are these fib or cycle lines ?
the 10, 14 17 lines

They are not fib lines, they are time taken from a place where a distinct turn around occurs.

An alternate way of doing it, which is very time consuming is to do elliot wave counts, and find exactly where a wave ends and the next one starts, and then comparing the time.

I have done that before, and after a while it becomes very confusing, because certain time do jive with each other through a fib ratio, and some of the times dont

But any time method I have used, I get the same message for a turn around and that is

when comparing time relative to each other, there are groups of time slots that are very close to each other, and groups of time slots where a time for 1 wave takes the time of the other 2 adjacent ones added to each other.

If I can find a relationship where the time of 1 wave is equal to roughly speaking the time of 2 adjacent waves added to each other, then that is one way of finding a approximate time where a wave ends.

In most cases I have found groups of time slots that are roughly close to each other.

So in this case we have 10,14, 17.

I would expect the time for the next cycle to either be +/- 1 away from these numbers.

So I would expect either 9 or 11 around the 10
or 13 which is close to 14

But not 12

I have Fib tool for time too, and I find it confusing at times, so I just look at the chart and try to figure out the time groups by drawing vertical lines around the places I feel there is a trend change.

If you use Elliot Wave to do this, then you can argue that the time that a wave starts is going to be different than what I have marked.

And you will be correct

But my overall aim is to find these groups of time, to give me a rough approximation of when to start checking lines.
Even if you do it the Elliot Wave way, then you still find groups of time very close to each other and other groups of time that are very distinctively separated from other time groups.

So far we are at 3210 and that is the last limit for any sells.

If it goes beyond that, I will have to wait it out, and exit some of my positions on a sell

As I was posting, checked the charts, and a nice drop to 3194. Lets see how this goes

The drop yesterday from 3210 has started a gradual decent downwards, that will gain momentum as time progresses. Looking forward for a clean and swift break of the 3030-3050 region.

Here is a update showing signs of momentum build up

A shift in the angle of attack of price action always denotes momentum building up or slowing down. In here we have momentum building up.

The limits of the down move is somewhere in between 3020 and 3000. After that we should see a slight reaction upwards. Overall long term target remains to be around 2750 with 2900 showing a stronger support than 3000 level.

Here is a update on additional levels to watch

What are your RSI settings?

I'm keeping a watchful eye on how price will interact with the lower ellipse.

Do u see something for Asto , moon for next week?
Something for fun

RSI of 13 days, since 13 is a fibonacci number, thats why I choose it

Here is the view,

More down move to happen, with possible false breaks of 3050 region for a sell setup.

Down to at least the New Moon, which will be April 21. Maybe few days after the new moon we will see a turn around, but the fibs, RSI and wave structure have to align itself.

I expect a great war of prices to happen anywhere in between 78.6 % and 88.6 % of the retracement from 2630-3480

If we clean that area very swiftly by the next new moon, then 2630 will also clear and we probably will see something happen around the first week of may, when the full moon comes around.

Here is the updated Chart...

Here is the RSI view, more downward action to happen in the meanwhile

Here is the expectation on H8

I had to purchase a different software to get a second opinion on Time and when is the apporximate time that the waves will finish. Using this star utility, you can see that there is plenty of time before we reach T9

I tried to adjust the points to the best possible way that I could, but there seems to be a slight lag between the actual turn around and the intersection.

Apparently price action switches direction slightly before the Tx times are reached.

This is another view of time and price using a smaller region. Looks like lows of 2900 is the next action/reaction zone.

M5 RSI sell signal
anywhere between 3060-3070 area
Stoploss at 3090

there is possibility 3104 as top if 1h fail and drop from it