$SPY: Systematic Behavior

205
3 Frames of Reference:
  1. An angle from the top (beginning of decline) to a point of resistance where the price got further dumped to form a bottom. This emphasizes some boundary that needs to be broken in order to proceed to transition phase. snapshot
  2. Also would be nice to have the angle of entire tariff crash so the fib spacings could reflect the shockwaves of that event. snapshot
  3. For the 3rd (as 3rd axis in geodesics), we would cover what immediately grew after crash establishing a common angle. snapshot


In cases 2 and 3, the common criterion for choosing the angle was that in both cases the nested cycles on smaller scale were completed confirming the measured angle. Watching for consistency in shapes is essential for capturing the interplay of multiple forces. snapshot

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.