I've been trying to find a method of determining whether a downtrend has finished or not that is the equivalent in accuracy to that I've been using to plot uptrends..
This just popped up as a possibility..
Curious to know your thoughts..
My method is simple..
For bullish cycles:
Encompass the entire historic chart movement (including wicks) with a pitch fan.. Price movement moves from side to side within the fan, and upon touching the bottom of the fan a second time, draw a new fan from that point that follows the same rules.. These are rules, not theory..
This just popped up as a possibility..
Curious to know your thoughts..
My method is simple..
For bullish cycles:
Encompass the entire historic chart movement (including wicks) with a pitch fan.. Price movement moves from side to side within the fan, and upon touching the bottom of the fan a second time, draw a new fan from that point that follows the same rules.. These are rules, not theory..
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