synchronous elements in technical compression #2......
By determining mathematical personalites technicians can often eliminate the use of additional studies in locating genuine synchronous events. This is done by estimation of key study elevations. Elevations frequented as pivotal areas are usually the elevations sought.
Here you can see the elimination of stochastics can be made once key elevations are determined.
Note the vertical yellow line. It points to a print of very little price activity from open to close with increased volume from the previous period. This is indicative of change. This observation beats the appropriate exit by one period.
All said, nothing is perfect. We attempt to predict the future. Use extra care in your analysis. Use stops. More coming.
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