THE HAnDbook of TECHnICAl AnAlysIsfIgure 27.26 Time Clusters on the Daily 3M Co. Chart.
Courtesy of Stockcharts.com
fIgure 27.27 Apex Reaction Time Line Projections on the Four‐Hour Gold Chart.
Source: MetaTrader 4
■ (^) Geometric formations: Apex Reaction Time Line Projections
■ (^) Recurring market behavior: Seasonal Cycles and Significant Recurring Dates
The following charts are some examples of time clustering in action in various
markets.
Figure 27.26 depicts time clusters comprising both longer and shorter term
cycle trough projections on the Daily 3M Co. chart. Notice the stock made a
bottom in October 2011 on a time line cluster, which also happens to be the head
of an inverted head and shoulders formation.
Figure 27.27 depicts apex reaction time line projections on the four‐hour Gold
chart. Notice the consistently accurate forecast of the next potential reversal or
continuation in price at the projected time lines, indicated by the arrows situated
at the tip of each apex.