To analyze a good pattern, there is many requirement. 1. Clarity 2. Initial trend 3. Volume 4. Uniformity 5. Support/resistance strenght 6. Break out strenght
from all that requirement, i will discuss about uniformity.
Uniformity is how wave perform inside pattern, a good uniformity have a good range between wave, and this analysis model use to analyze time factor. To analyze uniformity we use cyclic lines, one of the best tools in tradingview.
step by step use cyclic : 1. Cyclic lines is 6th toolbox tradingview, 2. to use it we have to find two higer low (in bullish), or two lower low in bearish. 3. draw from low 1 to low 2 to find next low level. 4. everytime price reach cyclic, it will be new low, and this cyclic can perform up to 20 cycle.
In this sample i draw from low 1 to low 2 to find next low. (up to 20 cycle) As u can see in everytime price reach cyclic lines, it perform support, and touch lowest level price at every cycle.
In this sample,, if USDJPY still perform a good uniformity, we will reach next cyclic 9 support around 113.049 at Oct.24, 21:00.
If you have any question about this anaysis method, feel free to ask.
Its always nice to find someone who is willing to pass on their expertise to us newbies. I had a disastrous Friday losing 10% so will be trying tp play catch-up and will be watching your posts with interest.
Do you trade on rtc if so what name do you use?
Jamalb
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Thx for the clear explanation!
kenpi
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The way this user always project future prices, often only uses short term chart and the cheering by newby traders is very misleading and irresponsible. Good luck giving away your money to the few
Sababa
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today market open with gap and broken trend line. What this mean? this cancels channel?
dkinanthi
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Awesome
yikboyx
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Awesome
tifupidavtep
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Thanks for the idea, it always opens my mind and eyes to see things differently. Sending love from Hong Kong!
rupazaypuub
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you're one of the few on Tradingview with good analysis everytime :)
Do you trade on rtc if so what name do you use?