For 3 ticks, I don't need to superimpose sub-atomic particle decay paths (Fibbo) over a grid of prices over a compass rose that is shifted 90 degrees to the west. Oi!
“Respect for ourselves guides our morals, Respect for others guides our manners.” ~Laurence Sterne A corollary; “Good manners will open doors which money, connections and education cannot” ~anon
I thought we've already covered this. Remember this beautiful "drawing" I made sometime ago? I'm sure someone will see a pattern here as well.
Do you realize most of those tools require two correct points to anchor from? Otherwise they will appear, as your chart pic exemplifies, random and more importantly ineffective.
A square spiral of mine for NQU23 today:- notice red square in upper right, one cell short of a "turn" point signifying possible LOD - which has held so far. Though The FED might have something to say about that. Also (not shown) square spiral for ESU23 had a HOD green square one cell beyond "turn" point on opposite side of NQ low. Trapped ..... or not? Ignore ESU23 LOD mentioned, thanks to The FED announcement just now.
%% I dont know if the dealer was using a 50dma or that[spiral] when he buys copper , most likely not, he may use it for price help?? Some use circles , they draw them after the fact,[hit] in thier target shooting= amazing that way.LOL Draw enough lines or moving averages on price data, may hit something+ profit.
Yup, big danger, after the fact calls, after the fact indicators, plethora of lines where per chance one or two randomly hit target. That's why shotguns are great weapons in short range shooting, you only need the couple of pellets to hit target.