Help & Study Guide: Trough_MTR

The MTR_Trough dll displays the support levels of the market generated at both the Trough ‘Shock-Point’ and Crest ‘Shock-Point’ of the wave. Directional Bias output is selectable by user, using any Price/Time Fib Fence desired.

Trough Mechanism: The rising ‘Look-Ahead’s’ (Momentum & Time), of the trough turn, are tracking position relative to the Fib Structure. When the mLkAhd exceeds momentum (trough shock-point), two Fib levels are locked: 1. External, the last Fib level tracked below LkAhds and 2. Internal, the Fib level between mLkAhd and TmLkAhd. The ‘External’ price level becomes a very strong ‘Cup’ of support under the Crest phase of the wave. When broken, this support level becomes resistance. Specifically . . . price movement below is breaking down with dropping momentum . . . a stage set for lower hi’s and lower lo’s.

Trough Thermometer: Cup of the thermometer is the external Fib level described above. The thermometer itself is a count structure, the right side of which is a 21 count from shock-point. The left side is 16 counts from shock-point, ie Time. This ‘count’ zone serves to consistently remind you, as a trader, to monitor what price is doing as it ‘applies’ into the ‘decision point’ 21.

Fib Vectoring: This ’21 External Fib Point’, this ‘Fib_Tm/Pr Decision Point’ is extremely useful as a vector anchor. Users can select whatever Fib level they want to project to, or two auto selection modes are available, either Crest or Trough. When it comes to support/resistance and fences/vectors, it has been found that using the opposing force provides consistent results. So, with this Trough tool, I choose Crest Fib for the auto setting.

Help & Study Guide: Crest_MTR

The MTR_Crest dll displays resistance levels of the market generated at both the Crest ‘Shock-Point’ and Trough ‘Shock-Point’ of the wave. Directional Bias output is selectable by user, using any Price/Time Fib Fence desired.

Crest Mechanism: The dropping ‘Look-Ahead’s’ (Momentum & Time), of the crest turn, are tracking position relative to the Fib Structure. When the mLkAhd exceeds momentum (crest shock-point), two Fib levels are locked: 1. External, the last Fib level tracked above LkAhds and 2. Internal, the Fib level between mLkAhd and TmLkAhd. The ‘External’ price level becomes a very strong ‘Cap’ of resistance over the Trough phase of the wave. When broken, this resistance level becomes support. Specifically . . . price movement above is breaking out with rising momentum . . . a stage set for higher hi’s and higher lo’s.

Crest Thermometer: Cap of the thermometer is the external Fib level described above. The thermometer itself is a count structure, the right side of which is a 21 count from shock-point. The left side is 16 counts from shock-point, ie Time. This ‘count’ zone serves to consistently remind you, as a trader, to monitor what price is doing as it ‘applies’ into the ‘decision point’ 21.

Fib Vectoring: This ’21 External Fib Point’, this ‘Fib_Tm/Pr Decision Point’ is extremely useful as a vector anchor. Users can select whatever Fib level they want to project to, or two auto selection modes are available, either Trough or Crest. When it comes to support/resistance and fences/vectors, it has been found that using the opposing force provides consistent results. So, with this Crest tool, I choose Trough Fib for the auto setting.

Help & Study Guide: Utilities 2_MTR

The MTR_U2 dll is identical to the 1st utilities dll ‘UT’ but offers 3 additional functions:

1. Ability to show two different Fib Levels at the same time, from either force (leg) of the wave. Trough: Target fib level & Support fib level, Crest: Target fib level & Resistance fib level.

2. Directional Bias Fib Fence filtering for the Trough vs Crest Fib Targeting and Support/Resistance Levels.

3. Directional Bias Fib Fence filtering of the Momentum Cap/Cup (including live mLkAhd tracking).

This dll functions as a stand alone trade environment, painting a clear picture of what state price is in. Reward/Risk is easily measured from clearly defined Support/Resistance levels to target Levels/Zones.

Momentum Mechanism: The dropping and rising ‘Look-Ahead’s’ (Crest & Trough), of the wave turns, are tracking a ‘look-ahead’ position relative to the wave structure. When mLkAhd exceeds price (crest and trough shock-points), two mLkAhd levels are known, above and below. These momentum Caps/Cups are very strong resistance/support levels as they extend over the trough and crest phases of the wave. Specifically . . . this shock-point origin (time) is a consistent action point as demonstrated. Output is either user selectable or ‘directionally biased’ automated in this dll.

Help & Study Guide: XOvr_MTR

The MTR_XOvr dll provides utility functionality (1-3) and stand alone trade structures (4-6):

1. 45* Targeting and 90* Splits (triggered targeting)

2. Trough/Crest Tm Fences

3. Momentum Wave display

4. Friction Vectors from Trough/Crest

5. Time/Price Levels/Zones of the Friction Vectors

6. Tm Fence Fold-Over Levels

As you study the logic, look, and feel of each Burton ‘Square Based’ Cycle Tool (detailed under the Support Structures topic), keep in mind the following and understand that it can take quite a bit of observation over time to achieve proficiency:

1. In general these tools give ‘Big Picture’ confirmation of price’s relative position overall.
2. Specific tools are typically used on a specific size chart (ie a ‘Legacy’ chart) that is so good it cannot be overlooked.
3. Some tools are used to give very specific information following very specific events.

The ‘Return Point’ mechanism of the MTR_IRFmmXL dll demonstrates this nicely and is what we call an IRF (Inertial Reference Frame). The IRF levels of each cycle are output in blue/red based on  price’s relationship with the 270* price level of the cycle. This process works exceedingly well for tracking trends as well as reversals, and reversals specifically invoke a reconciliation state, which is a fundamental ‘Law of Vibration’ precept. This cycle tool features both targeting (‘Law of Three’ based), reconciliation level (‘Market Maker’ based), and expansion level tracking (‘Phi’ based). The picture below shows how knowledge of the reconciliation level, ie Return Point, can be used in conjunction with knowledge of price’s momentum position above the Trough Tm Fences.