Posted by timebandit on 31st of Jan 2022 at 04:41 pm
Symmetry question:
I updated a BPT QQQ daily chart with a symmetry measurement of
the late December bounce from 377.47 to 404.48. Then I pasted it
twice in late January.
What I don't know is if the symmetry measure should start at
last Monday's low of 334.15 because we didn't go any lower than
that last week. Or if the measure should start at Friday's low of
337.95.
If you measure from 334.15, we've broken symmetry. If from
337.95, we haven't broken symmetry and it targets the vicinity of
the 200 dma.
So the question is: Where should I paste that measure?
OK, we have broken symmetry on Timebandit's chart. Looking
for a higher low in a new uptrend! Expected pullback in
wave 4 of C, then up again. (If I am reading the tea leaves
correctly....)
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Symmetry question: I updated a BPT
Posted by timebandit on 31st of Jan 2022 at 04:41 pm
Symmetry question:
I updated a BPT QQQ daily chart with a symmetry measurement of the late December bounce from 377.47 to 404.48. Then I pasted it twice in late January.
What I don't know is if the symmetry measure should start at last Monday's low of 334.15 because we didn't go any lower than that last week. Or if the measure should start at Friday's low of 337.95.
If you measure from 334.15, we've broken symmetry. If from 337.95, we haven't broken symmetry and it targets the vicinity of the 200 dma.
So the question is: Where should I paste that measure?
My own guess is at
Posted by sydney on 31st of Jan 2022 at 05:27 pm
My own guess is at the low, because that is usually how TA works.
yes the low
Posted by matt on 31st of Jan 2022 at 05:29 pm
yes the low
OK, we have broken symmetry
Posted by Ray on 31st of Jan 2022 at 06:08 pm
OK, we have broken symmetry on Timebandit's chart. Looking for a higher low in a new uptrend! Expected pullback in wave 4 of C, then up again. (If I am reading the tea leaves correctly....)