Parallel uptrend channels are a good way to analyze uptrends,
and you'll see a fractal nature here with channels in multiple time
frames from 120 min to 90 years
The first image shows the channel from the 120 that was broken 2
weeks ago that was the 'shot across the bow'
The second image shows another possible channel on the 120 min
chart using a larger channel
The third chart shows the channel on the monthly back to the
2008 time frame
the 4th chart shows a parallel channel going back to the
1920's
the last chart shows the 90 year chart of the Dow - the channel
is in black, while the blue line connects the 1932 low to the 1982
low
no the first one doesn't go back as far. here's that second one
you can see the same channel as the first one inside that larger
channel- then we have the monthly channel and multi decade
channel - fractals
Channels and Fractals
Posted by matt on 28th of Aug 2022 at 10:56 am
Parallel uptrend channels are a good way to analyze uptrends, and you'll see a fractal nature here with channels in multiple time frames from 120 min to 90 years
The first image shows the channel from the 120 that was broken 2 weeks ago that was the 'shot across the bow'
The second image shows another possible channel on the 120 min chart using a larger channel
The third chart shows the channel on the monthly back to the 2008 time frame
the 4th chart shows a parallel channel going back to the 1920's
the last chart shows the 90 year chart of the Dow - the channel is in black, while the blue line connects the 1932 low to the 1982 low
Thanks Matt. What's the difference
Posted by mirhamedali on 28th of Aug 2022 at 11:21 am
Thanks Matt. What's the difference between the two 120 minute charts? Is one a log chart perhaps? They seem different.
no the first one doesn't
Posted by matt on 28th of Aug 2022 at 11:54 am
no the first one doesn't go back as far. here's that second one you can see the same channel as the first one inside that larger channel- then we have the monthly channel and multi decade channel - fractals
Thanks Matt. I thought my
Posted by mirhamedali on 28th of Aug 2022 at 01:33 pm
Thanks Matt. I thought my eyesight was going bad :-)