I like to draw circles … just work w/ me. how the 1987 low and recent high are connected by geometry
a couple weeks ago I posted this: https://bartscharts.com/2018/08/30/jpm-and-tops-of-circles/ it was some geometric work I did on JPM and ‘real time’ the top of a circle. I do have a theory of ‘why’ this technique works in projecting support or resistance but I’ll leave that to me and some of my friends. it really doesn’t matter – […]
5 waves down showing a valid count … note, log trend line coming into play … we weekly or monthly close above that line would, IMHO, signify the bottom in rates for a long time to come is in place.