This is not a flexing of the imagination project. You basically take a set of simulated projected potential future scenarios which also contains potential simulated future pivot points, or inflection moments, then you simulate a bunch of geometric objects which are basically just math functions, and you end up selecting the objects that hit the most points in the simulated scenarios, while also applying an algorithm that tries to select the most artistic of them all (/for the human eye).
In other words, this project is trying to catch at any of the elements in the snapshot: pivot points, turnarounds, bounces, reversals. These can be traded with Japanese Candlestick patterns, if such patterns occur at any of the shapes, with exit strategy using SL below the low or above the high of the entry signal candle. Best advised in this project to use quick trailing stop and securing profits or break even exit, because quick reversals in sentiment, zig zags, bounces, might occur, and are actually highly expected in the further evolution of this market.
You don't need to believe in the power of the nen math, therefore it is not required for you to risk your own money in this journey. Be skeptical, but give this project a chance. Grab your popcorn, sit back, relax, and enjoy the ride in this binge worthy experience.
Spoiler alert: surprises are coming. While nen principles strongly agree to the concept of not letting yourself be fooled by randomness, we also support a thorough investigation of the phenomenon of repeated coincidences and occurrences that might defy, or at least challenge, the basic laws of random events distribution in the context of the law of large numbers.
Big numbers coming ahead in this one.
In other words, this project is trying to catch at any of the elements in the snapshot: pivot points, turnarounds, bounces, reversals. These can be traded with Japanese Candlestick patterns, if such patterns occur at any of the shapes, with exit strategy using SL below the low or above the high of the entry signal candle. Best advised in this project to use quick trailing stop and securing profits or break even exit, because quick reversals in sentiment, zig zags, bounces, might occur, and are actually highly expected in the further evolution of this market.
You don't need to believe in the power of the nen math, therefore it is not required for you to risk your own money in this journey. Be skeptical, but give this project a chance. Grab your popcorn, sit back, relax, and enjoy the ride in this binge worthy experience.
Spoiler alert: surprises are coming. While nen principles strongly agree to the concept of not letting yourself be fooled by randomness, we also support a thorough investigation of the phenomenon of repeated coincidences and occurrences that might defy, or at least challenge, the basic laws of random events distribution in the context of the law of large numbers.
Big numbers coming ahead in this one.
Comment:
Rebound with a candlestick shadow at the edge of the triangle. I wouldn't count this as the crucial pivot point that might become the complete reversal of the bullish wave.
Comment:
Although the top edge of the triangle is still holding as resistance, pushing the price lower, I still doubt that this cone shape of a triangle will push it all the way down towards it base. I am imagining the scenario where the price might actually climb above this top edge and make a small push for the corner of the blue rectangle where we might experience a bump of some sorts.
Earnings before that might spoiler alert the bump though.
Earnings before that might spoiler alert the bump though.
Comment:
Bounce from the bottom edge of the pointy cone triangle.
Comment:
3rd day at the 3rd visit of the upper edge of the green triangle and it still isn't broken on the up side. 3rd candle is a bearish one.
Comment:
Finally, out of the box. Or better said, out of the green triangle which trapped the price inside into a pinball ride of some sorts. Let's see what the other shapes in this project have to offer in this interesting, a bit captivating, and at the same time annoying ride.
Comment:
2 candlestick shadows right at the edge of the infamous triangle. What are we watching here? It is not a thriller. No drama. Not even a comedy.
Documentary on math and probabilities. 3rd episode in the series and I still don't have a clue what's going on. The music is nice though /_)
So the resistance became support after the break. Somehow I still don't trust the triangle. Anything can happen in this twilight zone.
Documentary on math and probabilities. 3rd episode in the series and I still don't have a clue what's going on. The music is nice though /_)
So the resistance became support after the break. Somehow I still don't trust the triangle. Anything can happen in this twilight zone.
Comment:
Good earnings and a big jump with the open right above the marked price level.
Comment:
Almost forgot about this project. I would be lying if I wrote that I wasn't hoping for a rebound from the forgotten ellipse, but I was not expecting it. Let's see if this bull momentum holds and if the next time stamp is relevant. After that this goes to the bin.
