Secret Geometric Method To Predict Turning Points In Market
I stumbled upon this approach through experimentation with various market geometries. By activating two inner lines of the "Fixed Square" tool and deactivating other distracting interior lines, we can effectively utilize this tool.
Our focus is on identifying the initial minor consolidation or the formation of key points for a new trend line. In this demonstration, I'm using a 30-minute chart as an example.
To apply the technique, we initiate the square from a pivot high or low, aligning the first interior line of the square with these early-stage price accumulation zones. Subsequently, we monitor the upper or lower edge of the square to observe whether the price reacts by either encountering resistance and reversing, or undergoing consolidation before breaking through the upper or lower boundary of the square. Should a breakout occur, we readjust the fixed square so that its interior lines align with the subsequent compact early consolidation area.
For a more comprehensive understanding, I recommend referring to the accompanying video.
Our focus is on identifying the initial minor consolidation or the formation of key points for a new trend line. In this demonstration, I'm using a 30-minute chart as an example.
To apply the technique, we initiate the square from a pivot high or low, aligning the first interior line of the square with these early-stage price accumulation zones. Subsequently, we monitor the upper or lower edge of the square to observe whether the price reacts by either encountering resistance and reversing, or undergoing consolidation before breaking through the upper or lower boundary of the square. Should a breakout occur, we readjust the fixed square so that its interior lines align with the subsequent compact early consolidation area.
For a more comprehensive understanding, I recommend referring to the accompanying video.