In this idea we try to present The $2,000 Rule, which has been back tested as far as one year with 90% accuracy hitting the very wick end exact top or bottom.
The formula is simple, in order to find the very next wick top or bottom singularity, simply calculate either from the previous top or bottom wick singularity either +- $2,000.
(if you're trying to find a top it's +$2,000, if bottom -$2,000).
You can back-test it yourself, works best on 1Week timeframes for a clearer picture.
GLOSSARY:
Wick Singularity: The very end of the wick, the very last point of the wick.
kata: Ancient greek for 'according to'. κατά
The formula is simple, in order to find the very next wick top or bottom singularity, simply calculate either from the previous top or bottom wick singularity either +- $2,000.
(if you're trying to find a top it's +$2,000, if bottom -$2,000).
You can back-test it yourself, works best on 1Week timeframes for a clearer picture.
GLOSSARY:
Wick Singularity: The very end of the wick, the very last point of the wick.
kata: Ancient greek for 'according to'. κατά
Note
In cosmology or black hole physics, singularities are theoretical extremes where our current physics breaks down.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.