2. Initial trend
6. Break out strenght
from all that requirement, i will discuss about uniformity.
Uniformity is how wave perform inside pattern, a good uniformity have a good range between wave, and this analysis model use to analyze time factor.
To analyze uniformity we use cyclic lines, one of the best tools in tradingview.
step by step use cyclic :
1. Cyclic lines is 6th toolbox tradingview,
2. to use it we have to find two higer low (in ), or two lower low in .
3. draw from low 1 to low 2 to find next low level.
4. everytime price reach cyclic, it will be new low, and this cyclic can perform up to 20 cycle.
In this sample i draw from low 1 to low 2 to find next low. (up to 20 cycle)
As u can see in everytime price reach cyclic lines, it perform support, and touch lowest level price at every cycle.
In this sample,, if USDJPY still perform a good uniformity, we will reach next cyclic 9 support around 113.049 at Oct.24, 21:00.
If you have any question about this anaysis method, feel free to ask.
Thanks, see u at next education post.