This square' can be of any form, like a geometrical shape, a mathematical square', a numerical progression, a cardinal cross, a meet point, or even a technical 90 degree square', any thin that kind.
Markets are Riddle Wrapped in a Mystery Inside an enigmas, and this attribute demands a great deal of flexibility when working with price and time studies.
What should be understood about this mystery is, it does not materialize every day. However, when it does, it usually leads to a powerful trend.
A low came at 7894. On the surface, that means absolutely nothing. However, when we take the square root of that figure, we get 88.85, which Fibonacci enthusiasts will recognize as the derivative of 89.
A bottom came in on Feb. 26, at 6825. The exact range is 2293 points. What was the date of the high? Was it 22 sep ?? , or 22-9 , not exactly but.
Some time a price can be peaked eg: at 47.81 in their 48th week of the rally
Another one, In trigonometry 360 degrees is defined as 2; 180 degrees as 1; 90 degrees as 0.5; and 250 degrees as 1.388. so a price 138 can square' with 89. How? 250-90 =160. And 160deg means .888. Get me??All these to be see as an example only.ok/??
when the duration of a move squares with the extent of a move, price trends tend to change and the Trader are vigorous in its pursuit to find out how and why the market turns. Bull and bear markets surge relentlessly along their path until one day that reverse course and set sail in an entirely new direction. markets march to their own rhythm with a philological of all their own.
Certainly, the fundamentals play their part in determining where we might be in the cycle. may be a PE ratio ( nifty now at PE 23) can tell us whether the market is, or particular stock, is cheap or expensive at a specific point in time, but it has NO CAPABILITY of telling us when a reverse move take place.
For that purpose only we adopt . is the study of price patterns and the visual representation of emotions in the market. Like the key technical tools, moving averages, etc. While these are important indicators, markets can and will overshoot their technical target, and the study of patterns can give us only a rough idea of when and where a market might turn. Last week we saw the price is jumping to the monthly target zone, and many here told me that my target achieved.
So if fundamental and traditional cannot pinpoint the turn consistently, then what we have?
The simple square' root, which we all learned in grade school, is an integral' hinge on which the markets turn, but because it is hidden just under the surface, it is not immediately apparent. Here 17th March 2017 top was 9218.8 is a time price square', also that falls within the Cardinal Cross.
This can bring nifty' to a minimum 8740 level.
Now let me know how many of you are interested in it, then I am ready to spend more time on it. And those who got the hint …tell me what do you think…Is there a coincidence or is it harmony?
This is a vast study subject and to discuss such measures and methods here is beyond the scope of this posting and would exceed its aims. So I conclude this here.
Ping me, don’t hesitate, this is study only.
As per thr rule of Alternation, general tendency for the pattern/structure/form/time or all, of the two corrective swings (w2 &w4) in a completed 5-wave sequence to alternate between a simple correction and one of the more complicated or complex corrections.
Here one thing to remember is w4 rarely forms a zigzag and, it nevr correct below 50% of wave 3. So a shallow correction in wave 4 is getting over.
I will come up with a more clear view.
Very happy to see your interest.
it can show many other way. I draw it here to see the next possible resistance area.
But price channels are different as you can see below, which may be more usefully to have a guide line for the wave ending
We are up on wave 3. Definitely will update this week.
But one has to find a better way to master the art.
I had earlier updated some excel file in google drive for sharing. i was so tied up these days with personal things and far away from all studies.
I will try to update the file in a more comprehensive way and send it again.