Noteworthy geometric festivities underway in e-Mini S&P500:
1 - AB = CD SYMMETRICAL GEOMETRY:
The simple ab = cd symmetrical formation is laid over entire price action within the chart. Its ending points to 1999.75 value.
2 - WAVES' ENDING TRIANGLE:
EWP's End Diagonal is constructed by five waves, themselves build by a 3-wave formation, which is the require for this common EWP geometry, whose namesake position heralds a potential change in directional bias
3 - GOLDEN NUMBER AND GOLDEN RATIO:
The Golden Number is known as 1.618, which represents a unit of any dimensional object, adding upon its length the product of its height times the Golden Ration, such that 1 + (1 * 0.618) = 1.618.
Although many significant and occult numbers have sprung from more complicated derivations from the Golden number and its ratio, other occult numbers such as 0.309 and 1.309 can also take part in any geometric development
In this particular case, 0.618 was divided by 2, and the result, or 0.309, was added to the height of bc's geometry, each half accounting for the height differential between and bd.
All come to 1999.75 alignment, the potential reversal level to consider for this market.
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Of course, one can also get lost in the infinite inner correspondences between pattern, projections and parallels.
In this chart for instance, a simple Head & Shoulder is used for its inner dimensions. The neck line provides the symmetry for the pattern's head projection onto a L1 and L2 lengths used from the pattern's proximal shoulder to shoulder width.
Projected from the middle of the H&S geometry, L1 + L2 now define a width that is offset from the original pattern's shoulder to shoulder's width.
However, using this offset to our advantage, we connect each of the past ends to define a slope whose parallel becomes the resistance of a price as it ascended to form that would become the Head & Shoulder.
Here again, just for fun. Nothing to use in your strats, right?
... Or ... ?
It will be interesting to see IF and how price unfolds on the other side of this imposed geometry.
The nice things about certain, more complex or less predictable market geometries (such as curves and angles), is that they are just that: Nice. Nite to notice, and nice to highlight, but they add little to no value to the trader if they do not confer any predictive value to your trading.
The following images are examples of simple to complex inter-related geometries. Thing is, so what? Is this useful information for the trader? Is it shareable? And can it be instantaneously brought up to sight? Simple answer is No, no and no.
Still, here are some of the infinite geometries where price, line and combined geometries interact at interestingly actionable points, had we known about it, right?
A SIMPLE ARCH DEFINES THE PARABOLIC COURSE OF PRICE OVER TIME:
TWO SIMPLE ARCHES BRACKET PRICE AS RESISTANCE/SUPPORT OVER TIME:
A THIRD ARCH OFFERS THE SPRINGBOARD FROM WHICH PRICE BREAKS OUT OF THE FIRST TWO ARCHES:
A FOURTH ARCH DEFINES PROVIDES THE CROSS-OVER POINT FROM WHICH AN SWING LOW CARVES OUT A NEW STRUCTURAL LOW:
... A never ending proposition ...