Hey maths genius, care to show how this technique worked at predicting the future when backtested on the previous bubbles?
Speculative fractal patterns are highly up to the arbitrary interpretation of the chart-holder. I attempt to chart possible scenarios matching up past patterns of tops, crashes, and intersections with major indicators (200day EMA for example) and rule out scenarios as market disproves them over time, narrowing the possibilities to just a few, or even just 1.
This is not the sole basis of my trading, I use other indicators too.
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Here is one of my works from 2013. Due to a variety of analysis, that chart included, I did end up going all in at $75 ish on the big capitulation of June 2013. Lovely right?
:Charts:I took the 2011 bubble chart, overlayed it on the current chart to match the top, bottom, sucker's rally and resistance levels, and appended the extra portion to the current graph. Very simple TA but it has made me extravagant amounts of money so far.
In one month we shall compare the actual chart to this chart, and they might be very similar.
"But this time it's different!"
Thoughts?
http://i.imgur.com/gtyiKji.png