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While the use of Fibonacci, Gann and Elliot wave techniques allow for one
to forecast market turning points, it is intriguing to take it a step
further to determine the direction of that turning point.
So if a projection is run from a swing high, what techniques are available
to know that the projection is pointing to a swing low and vice versa?
The use of dynamic cycle ratios, and time clustering allow for one to know
that a high probability of a turning point exists, but how is it possible
to determine that the turning point is a low or high ?
Regards
Peter Lim
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