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.
Dox Box . . .
The imperative read for understanding is found at the 'Law of Vibration' site . . . Topics: ' Directional Bias', 'Time/Price 45', and 'Fractals' . . . Read . . . Understand . . . and find Success.
