Hi,
Here is my art project that illustrates a few harmonic patterns that has strong influence over our current motions, as suggested by the similarity in spacial orientation of the arguments within the support & resistance planes, indicated by solid & dotted lines.
The PURPLE trace shows nicely the behavior if this is a mid level bullish argument. The projection is from our previous increase in volatility, as shown by the purple trace. It is scaled to the most recent major move within the argument, and also with an eye toward the forward looking movements with int eh S&R planes.
The ORANGE is of course a significant bearish influence, again scaled to oscillate naturally between the planes.
Now. . .. . a more exciting idea to explore... we all know that once the SPX starts poppin' through support levels, it can get real rowdy... just like poppin' bottle at Elleven.
enter the PINK and BLUE traces.
These are from the same previous growth cycle, but scaled so that the next order of magnitude smaller harmonic pattern aligns with our current larger time frame harmonic pattern. This is how exponential growth happens. My favorite subject ! . .. . and yours too i hope. .. . .
Things get a bit hectic on the chart at the 30 minute candle (minimum time frame to publish, but the 9 minute is my favorite. . . . . so i threw in some level indicators, on the tops & bottoms of the forecast.
Good Luck, God Speed, Love & Light!
p.s.
. . .. . if you like this idea, follow me, and there is a reasonable chance i will update it next week as we get back into the action.