Nested Oscillators, Fibonacci Levels & The world.
Hi,
I use both the log and normal scales... the both are used and will there fore both generate different angles of support for the bears / bulls.
I then correlate the nested series of argument pennants to the fibonacci levels (either horizontal for movement within the mean of the pennant, or at an angle of support for movements near that support).
Every time the argument within 1 pennant approaches closure, the next larger argument ensues... and new small arguments are being created perpetually by the state of fear / hope in our world. these nest infinitely... like a fractal.
We likely would not have blown through the red all time support on the log scale, had the world not become fearful. But we did, and landed on the linear long term support.
Time to get back on the Red logarithmic support level, before the medium strength green bears gain favor and make us fight even harder to reach our logarithmic support for help.
Wouldn't you prefer to grow logarithmically?
This isn't trading advice... do your own research, make your own decisions, consider this if you like.
I use both the log and normal scales... the both are used and will there fore both generate different angles of support for the bears / bulls.
I then correlate the nested series of argument pennants to the fibonacci levels (either horizontal for movement within the mean of the pennant, or at an angle of support for movements near that support).
Every time the argument within 1 pennant approaches closure, the next larger argument ensues... and new small arguments are being created perpetually by the state of fear / hope in our world. these nest infinitely... like a fractal.
We likely would not have blown through the red all time support on the log scale, had the world not become fearful. But we did, and landed on the linear long term support.
Time to get back on the Red logarithmic support level, before the medium strength green bears gain favor and make us fight even harder to reach our logarithmic support for help.
Wouldn't you prefer to grow logarithmically?
This isn't trading advice... do your own research, make your own decisions, consider this if you like.
Comment:
'support and resistance" is an autoplaced link that i missed... i wrote "support level".