Refer to my many other Time@Mode charts here at TradingView.
Looking at the rally in XGY0 ( Shanghai Class A Index ), you can see in early 2015 that it built 8 weeks at the 3400 level and once it broke out of that range it moved up for 8 weeks. Once it rallied to nearly 4800 and corrected as time expired on the rally (8 weeks), it built a higher, more risky base of 4 weeks from which it advance to 5400 in 4 weeks from the 4-week base.
Time ran out for the rally and XYG0 collapsed under the base at 4400-4500 and returned to the 8-week base at 3400 where it found footing. Along the way, it had built a 6-week distribution zone from which a 6-week decline unfolded into the October time frame. A lower distribution zone was formed at 3200 for 6 weeks, but prices advanced from that level and advanced for 6 weeks where time expired once again at the 3800 level.
6 weeks built in an uptrend at the 3600 level (see purple '6') and prices then advanced and an 8 week accumulation set-up at 3700 (see purple "8") and it seemed set to fly as I drew in the yellow line and a forecast to 4000-4100-4200-4500. But what happened at the 3800 level is the interesting part. Each week it touched 3800 it added a week to the distribution level from before from 3800-4200 but 3800 became the most important and most powerful level that was controlling prices. As prices move away from 3800-3700, it sets up a 10-week decline that has wide downside projection.
The market usually will react at previous important "modes" like the "6-week" 3200 level. The circuit breakers assured we would stop there today, but for now I wanted you to see that XGY0 has been operating very nicely using Time@Mode methodology. You can apply this technique on any time frame in any liquid market.
Note: I don't want to put "SHORT" on this chart because that wouldn't be fair to a market that is locked limit down 7% tonight.
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Here's to a successful 2016.
12:47AM EST January 7, 2016