I am updating a chart I published here in the first quarter that outlined a price and time projection for a top in the then heady uptrend. It is a method of analysis that looks at frequency of time at a price. The more time at a given price means that there is more "value" at that price. The "conservative" projection lines up with the market nicely. I will outline in a subsequent chart once the market moves above the current "11-week" zone which you can see is straddling the most frequent price in this whole rally from the October low.

This is a method of charting that I have done by hand since 1988 and if this brief description doesn't explain what I'm saying clearly, that is because I need to spend more time clarifying.

What I find fascinating with this method is that it does help predict time and price. It also helps predict sideways and trending periods. This is the most dynamic and useful method of charting that I have ever found and I studied everything I could get my hands on from 1986 to 2000. This has elements of all of the other methods, but this suits my personality. You can do this method on any time frame that suits you.

Note: I began a chart by picking the lowest price (for an uptrend) or the highest price (for a downtrend). You know it is the lowest price when there are at least 4 bars after the lowest price AND the current price is above the lowest high. The next sign of a strong uptrend is when the current bar is above the most frequent price.

More to follow...

Subscribe to my indicator package KEY HIDDEN LEVELS $10/mo or $100/year and join me in the trading room KEY HIDDEN LEVELS here at TradingView.com

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.