Marking future potential trough timings using circles instead of diamonds..
Circles and whiskers - future diamonds
Whereas in current time troughs are marked by diamonds (hollow diamonds for tentative but likely placements, solid diamonds for confirmed placements), in future time the estimated time location of troughs is marked by hollow circles with whiskers either side. The whiskers suggest the potential time range for the trough placement.
In current time we see diamonds stacked on top of each other up to the longest cycle trough present. In future time we think in terms of a nest of lows. Typically we use an inverted triangle to define this loose zone, because the analysis is hedging its bets.
Sometimes the nest of lows is coherent and the circles stack neatly, other times not so much. We can see an example of this at the start of December where the 80 day cycle trough circle (and by association the semi-circle) is pushed to the right of the 40, 20 and 10 day cycle trough circles. As price action progresses and new cyclic information is drawn upon beyond the nest of lows, the analysis resolves itself into neatly stacked diamonds.
- diamonds mark cycle troughs,
- hollow diamonds are more tentative, solid diamonds are confirmed troughs,
- semi-circles describe the arcs of each cycle,
- cycles are harmonically related (generally 2:1),
- higher stacks of diamonds show higher magnitude cycle troughs,
- hollow circles and whiskers in future time mark estimated diamond trough placements,
- stacks of diamonds become potential nests of lows of circles in future time.