THIS POST IS AN INTRODUCTION TO WHAT WE WILL BE TALKING ABOUT NEXT. WE’VE TALKED ABOUT PRICE AND VOLUME SUPPORT & RESISTANCE , SUPPLY AND DEMAND WHICH ARE MARKET CYCLES.
WE’VE TALKED ABOUT THE MAN ON THE CHART WHICH RELATES TO MARKET BALANCE.
OUR THIRD COMPONENT OF NATURAL LAW IS GEOMETRY WHICH CAN BE EXPRESSED AS TREND LINES. GEOMETRY OR SHAPE/FORM IS A FORCE AND AS SUCH, CAN BE APPLIED ON A PRICE CHART AS SUPPORT AND RESISTANCE. THE BITCOIN CHART BELOW IS AN EXAMPLE.
TRENDLINES JUNE 16 2021 @ 12 00 PM BITCOIN
click chart to enlarge
It is important to understand multiple forms of analysis in the language of charts. Each form of analysis is like a separate nation/state that has it’s own language and yet, each language is connected by a parent language that they all spring from. As I teach from the standpoint of universal laws of nature, the context that I illustrate these principles from are, 1. Cycles 2. Balance 3. Geometry
1.CYCLES – Markets move in cycles/waves of high’s and low’s in price = SWINGS
2.BALANCE – The man on the chart shows the balance and imbalance which is the cycle of all motion = CHART MAN
3.GEOMETRY – Support and resistance is related to the shape of an object. It is the shape of a 10 pound wicker chair that allows it to support the weight of / resist the fall of a 300 pound man = TREND LINES