Geometry: Using Chords to Predict Trend Endpoints
Identify Key Points:
Start by pinpointing significant highs and lows within the trend. These will be the endpoints of your chords.
Draw Chords:
Connect these significant highs and lows with straight lines (chords). These chords represent potential paths the market might follow.
Analyze Chord Patterns:
Uptrend: Draw chords connecting higher lows to higher highs. This helps visualize the upward momentum and potential reversal points.
Downtrend: Draw chords connecting lower highs to lower lows. This helps identify the downward momentum and potential support levels.
Sideways Trend: In a sideways trend, chords can connect alternating highs and lows, helping to identify consolidation zones.
Looking at the EUR currency index, we can see the chord being used to monitor the trend critical points, lower highs and lower lows, validating a weaker EUR.
Conclusion
Expect a rise in pairs paired with EUR, such as USD, GDP. Keep in mind that it’s also important to validate the strength of the other economies before deciding on a trade.
Start by pinpointing significant highs and lows within the trend. These will be the endpoints of your chords.
Draw Chords:
Connect these significant highs and lows with straight lines (chords). These chords represent potential paths the market might follow.
Analyze Chord Patterns:
Uptrend: Draw chords connecting higher lows to higher highs. This helps visualize the upward momentum and potential reversal points.
Downtrend: Draw chords connecting lower highs to lower lows. This helps identify the downward momentum and potential support levels.
Sideways Trend: In a sideways trend, chords can connect alternating highs and lows, helping to identify consolidation zones.
Looking at the EUR currency index, we can see the chord being used to monitor the trend critical points, lower highs and lower lows, validating a weaker EUR.
Conclusion
Expect a rise in pairs paired with EUR, such as USD, GDP. Keep in mind that it’s also important to validate the strength of the other economies before deciding on a trade.
Penafian
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