My Impulse Channeling techniques!If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Well they are not mine, just some techs
I use when dealing with impulses.
A bit of KCT.
A bit of Elliott wave and Elliot wave
All consistently used in my analysis.
If helpful, throw me some love and
I'll post some techs on channeling corrections.
Cheers!
Market Geometry
Utilizing Angles W/ GeometryNote:
The angle spanning from .7242 Mon 06 Marc '23 21:30 and .7547 Tue 07 Mar '23 3:00
- It is about 19 on this scaling
The next angle below it is 1/2 of that; 19/2 = 9.5
These intersect the price at .7547 and create time objectives; these time objectives were used concurrently with price to note times of major change.
Time and Price… Geometry Plato had an inscription over his academy
LET NO ONE IGNORANT OF GEOMETRY ENTER HERE
Modern trading, especially on lower timeframes relies on indicators hence price action can be a nebulous concept for traders
What is price action?
Price action is the visualisation of price fluctuations on the y axis versus time on the x axis. On the shorter timeframes this can indeed be dominated by the high frequency algorithms: hence the random walk theory. But despite the algos, market trends can be deciphered on even the shorter timeframes: with higher lows and higher highs in an uptrend; lower highs and lower lows in a downtrend; and the absence of either in a ranging market.
Longterm timeframe price action: GEOMETRY
Whilst the random walk is concluded for even longer timeframes: the student of geometry will always be able to decipher order out of the chaos. Here we have a 3 year spx chart. If we box the price action: what we can see is PRICE has been perfectly squared with TIME for 3 years. We had an impulse move off the lows in 20 months and a correction of half that range in 10 months. Since then we have had consolidation and a breakout. The breakout is confirmed by price breaking the downtrend from the ath to the swing low in October 2022.
Using an Andrews pitchfork off the low following then Corona crash; the ATH and the October low: we have a clear new ATH median line target.
Using our pitchfork to now frame that macro geometry: we can decipher price action as it moves to target. Of course price action may fail in its proposed trajectory. Doctor Alan Andrews hypothesised an 80% probability for such a move; and Greg Fisher validated this in his median line study on Grains.
Geometry… the order out of the seeming chaos of price action
Footnote: all of the above brings us to the stunning conclusion that spx is not in a bear market but has merely corrected the impulse move since the corona drop by 50% in 50% of the time of the impulse; and that new highs are the most likely (but not guaranteed, of course) outcome here.
Geometry: Chart ExhibitFirst and forever reminder: expand into your own, continually evolve and grow.
Press share "Make it Mine" to view the full interactive chart
Note: Relationship of numbers to each other
Note: The sequence of the various shapes
Note: Geometric Angles
Note: "45" angles up and down various intersection points
In-exhaustive book list
Law of Vibration - Tony Plummer
Michael Jenkins - Geometry of Stock Market Profits, Chart Reading for Professional Traders, Complete Stock Market Forecasting Course
Scott M. Carney - The Harmonic Trader, Harmonic Trading Volume I, Harmonic Trading Volume II, Harmonic Trading Volume III
H.M. Gartley - Profits in the Stock Market
Bill Wiliams - Trading Chaos, New Trading Dimensions, Trading Chaos 2nd Edition
J.M. Hurst - The Profit Magic of Stock Transaction Timing, Cyclic Analysis: A Dynamic Approach
Disclaimer: Not financial advice, no recommendations to buy or sell, no warranties of merchantability, profitability, or probabilities.
Forum:
blackcryptolink.com
ETHUSD | 3H | SQUARE & FLOWER SETUPAnother variant of my square and flower setup. As you can see, you can perfectly fit 3 horizontally and vertically aligned squares (hypotenuse alignment) inside the inner flower. This illustrate very well the connection to PHI between the square and the flower..
Pressure is building up as the price is stuck between a resistance edge and upward spiral..
Cheers,
Keops
How to properly scale your chartsMany charting tools require a proper scaling of price / time.
This is the method I'm using to scale my charts if needed.
1) Draw a rectangle somewhere on your chart
2) Set it's coordinates to 1:1
So if the price coordinates are 300/350 , set the bar (time)
coordinates to have the same difference of 50 in this case
3) Draw a "Fib Speed Resistance Arc". You can find it in the
second tool bar menu where you also find the Fib Retracement
4) Set it's PRICE coordinates to the same you have set for the rectangle.
For both BAR coordinates you use the smaller number from the rectangle bar coordinates.
Now after you have done that drag one axis (price or time) and move it around.
Watch the upper right corner of the rectangle cross with the fib arcs.
If it crosses with the 1 fib arc, you have a 1:1 scaling.
On the chart example you can see it cross the 3 fib arc so the scaling is 3:1
If you found a nice scaling, right-click the price axis and select "Lock Scale"
so you can zoom in and out of the chart without changing the scaling.
You can try the following scaling ratios:
0.5 / 1 / 1.272 / 1.414 / 1 / 2 / 3 / 4 / ...
also all the X.618 ratios could be usefull. (0.618 / 1.618 / 2.618 / 3.618 / ... )
Let me know how this works out for you and feel
free to leave a comment if something is unclear.
Cheerz : ]