price tagged the ATR on the daily so far where it has pulled
back some. Currently there's an A on the daily and 195 min,
it's early in the day so they could disappear but if those stay
that's something to be aware of.
Otherwise there's no real cycle resistance showing up, on most
of the time frames price busted up through their cycles the other
day. Education point, when price pushes strongly through the
cycle resistance that's a breakout or a trending move. I've
seen people make comments before like oh the cycle failed there, no
it did not, when you see price strongly move through the cycle, it
means you are in a trending wave, a breakout, notice that on the 15
min chart on the bottom right. also see the second image, this
graphic shows how the cycles behave. In consolidation moves the
cycles tend to act as perfect support and resistance, but when you
move into a trending move price will bust up through the resistance
cycle like you see at the end of the graphic. Therefore I
find the cycles useful when price respects them but ALSO when it
busts through them
I spent some time editing that cycle explanation - check out
this new graphic
the other thing I could add is that the prices strongly break
through the cycle resistance that cycle becomes support just like
when you broke through a trendline, and when price breaks through a
support cycle that cycle is now resistance
SPX 15 min
Posted by matt on 9th of Oct 2020 at 10:13 am
$SPX - Chart Link- 15 min view, not an ideal wedge but some MACD divergence up here market is quite extended in short term
SPX KISS comments price tagged the
Posted by matt on 9th of Oct 2020 at 10:39 am
SPX KISS comments
price tagged the ATR on the daily so far where it has pulled back some. Currently there's an A on the daily and 195 min, it's early in the day so they could disappear but if those stay that's something to be aware of.
Otherwise there's no real cycle resistance showing up, on most of the time frames price busted up through their cycles the other day. Education point, when price pushes strongly through the cycle resistance that's a breakout or a trending move. I've seen people make comments before like oh the cycle failed there, no it did not, when you see price strongly move through the cycle, it means you are in a trending wave, a breakout, notice that on the 15 min chart on the bottom right. also see the second image, this graphic shows how the cycles behave. In consolidation moves the cycles tend to act as perfect support and resistance, but when you move into a trending move price will bust up through the resistance cycle like you see at the end of the graphic. Therefore I find the cycles useful when price respects them but ALSO when it busts through them
Is this showing a new
Posted by 24kau on 9th of Oct 2020 at 12:53 pm
Is this showing a new SPX KISS daily DVT at 3291 (that last number is chopped, but it looks like a 1)?
I spent some time editing
Posted by matt on 9th of Oct 2020 at 11:09 am
I spent some time editing that cycle explanation - check out this new graphic
the other thing I could add is that the prices strongly break through the cycle resistance that cycle becomes support just like when you broke through a trendline, and when price breaks through a support cycle that cycle is now resistance
I added a little more,
Posted by matt on 9th of Oct 2020 at 11:20 am
I added a little more, NOW this is a great explanation how how the cycle indicator works
What does the "A" mean
Posted by chipmon45 on 9th of Oct 2020 at 10:58 am
What does the "A" mean ?