Looking to catch some reversals at the shapes in this project for anyone interested in UK stock market. I have a higher level of confidence in the projections of simulated scenarios which should catch at least one more reversal at any of the shapes. Will update follow up analysis on any relevant or interesting Japanese Candlesticks patterns or setups.
In this project the rectangles are not necessarily support and resistance zones as in most nen projects. This one on the other hand is focusing on the longer term on the daily time frame making the potential anticipation of any reversals, inflection or pivot points, quite a challenge. That being said, if the project catches more than one inflection point at an element, it raises the legitimate questions regarding the normal expected distribution of events and the probability of such a result while also considering the aspect of determinism in the grander context.
Project dedicated for the curios minds, the thinkers, the questioners, and the observers. May the force of Mathematical Advantage or edge and profits be with you!
In this project the rectangles are not necessarily support and resistance zones as in most nen projects. This one on the other hand is focusing on the longer term on the daily time frame making the potential anticipation of any reversals, inflection or pivot points, quite a challenge. That being said, if the project catches more than one inflection point at an element, it raises the legitimate questions regarding the normal expected distribution of events and the probability of such a result while also considering the aspect of determinism in the grander context.
Project dedicated for the curios minds, the thinkers, the questioners, and the observers. May the force of Mathematical Advantage or edge and profits be with you!
Comment:
We had some turnarounds near the marked price level and a reversal at the rectangle. Back at the level.
Comment:
This project was a mess, but nevertheless, friendly reminder that after the previous 2 time stamps there have been corrections. Could not be the case for the third as it still looks bullish consolidating, but anything can happen.
End project
End project