**Note** I have created audio for each of the slides below for a 26 min audio overview.
However I also made a detailed video where I can easily point and click to point to things. Sometimes videos can get the points across easier. You be the choice of which one works better, video or audio:
CLICK HERE to watch the video:
also I suggest you listen to my newsletter audio overview as well.
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Symmetry is a very powerful tool in technical analysis that Steve and I have discussed and utilized for years now. Below I have put together multiple and very detailed examples of this very powerful technique.
The beauty of symmetry is that it's a universal function in that it can be used across multiple time frames (Monthly, Weekly, Daily, Intra day) or instruments (stocks, futures, currencies). There is no curve fit to a certain time frame or instrument.
The concept is very simple and simplicity is best!
1. One first notes the established trend, whether it is an uptrend or a downtrend.
2. Observe the strength of the pullbacks: In a major uptrend on a particular stock example you might see that the largest two pullbacks were $2 and $1.90, then once you see a pullback that larger than these pullbacks, we call that a break in symmetry. This tells you that the odds are extremely high that the next rally will form a lower high. Of course the reverse is true in downtrends; observe the largest bounces in a downtrend and when you see a rally that exceeds the previous ones, that's a break in symmetry and you can expect to see a higher low form on the next pullback.
Images below show examples of using symmetry even on a very short inta day time frame of 1 - 5 min charts!
Symmetry is a powerful tool that works universally across multiple time frames!