I show in this post the underlying procedure of making targets. I hope some people find explanation why sometimes my projection targets are so high and seems unachievable. TA put the notion of fracals. Pattern that repeat and can be part of each other and can be link by mathematical and logical analysis. In the TA world, the study of the sequence of the past often tell a lot for what is to come. All the data can be used to define a new one, TA find those variable and give them a value. Normally to explain TA to someone that doesnt know it, we can say that news will come to justify the trend. Fundamentalist say the contrary, that news trigger events and during the momentum specifics targets will be found with new data (induction process). But in TA, news will come only to justify and the target achieved will be the correlation of the past because we take for granted that human will repeat the same pattern as the past. Then by studying how they have reacted, it will be correlated with the next reaction process to occur. To conclude, 'we' are not in reality calculating price but the sentiment which is put on a 2 dimensions graph with values (y=$ as a dependant value, x=time as an independant value).
Wish you a nice christmas, enjoy your holidays ! :)
Human normal reaction time have been established to 0.2 sec. For this we need to put to light that giving TA independant value (time) a value, we reduce the sight of the analysis to one value. It is very dangerous to put expection at one precise moments into a brain leading to a reaction of the recepient. If projection is false we trigger reaction process which almost of the time lead to a behavior which can put the actor into a loss of potential profit.
Imagine if i was projecting +100% for tmrw. you enter and you see only +25% instead of +100%, you will be likely to reaction by changing you position and the next day it might go +100%. TA isnt about defining X, its about defining the value of Y ($). If you watch charts, lets say, 8h a day, you could empiricaly have 144 000 differents reactions. Since X doesnt have equivalent data correlation and is longitudinal, it would be a mistakes to base mathematical projection by finding X instead of Y which is transversal and have a mathematical (fractals) logic.
RECOMMENDED AT 53 sats in older post. Now at 153 !!! +200%
LIKE WINSTON CHURCHILL SAID IN 1945 : AAAWWWW YEAHHHHH