This chart is based on Alan Andrews' Action-Reaction Principle. Price will tend to react up or down on the black diagonal lines. Also significant are the patterns. Notice how the bull market that peaked in 1980 looks very similar to the gold bull market that peaked in 2011. Given where the gold market is in the cycle - with a right shoulder formed - the market...
Be careful with this chart.
It's just a projection that lines up very nice with some
of the tools i use in my Analysis.
Alltough i don't use hte Fibs, i was just courious how it could
fit the highs & lows and well, i'm surpriesed so far.
Pay close attention to the A/R Set and the projection (grey bars).
It looks very promising. But keep in mind that this is...