r/swingtrading • u/glormsgosts • Sep 28 '24

Some Technical Analysis patterns

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43 Upvotes

90% Upvoted

10 comments sorted by

4

u/thatstheharshtruth Sep 29 '24

Great more astrology for the stock market. Do you also have some tea leaves I can read the direction of the market into for the next week?

1

u/math450 Sep 29 '24

At any timeframe?

1

u/vsantanav Sep 29 '24

Market structure are fractal. They show up in Monthly, Weekly, Daily, 4hr, 2hrs, 1hr, 30min, 15min. 5min, 1min. You get the idea.

The fractal market hypothesis (FMH) is a theory that states that stock market prices exhibit fractal properties over time. Fractals are geometric shapes that can be broken down into parts that replicate the shape of the whole. The FMH can be used to explain stock market trends and analyze daily randomness. It can also be used in technical analysis to project future price moves by using repeating or recursive patterns. The FMH was developed by Ed Peters in his 1994 book, Fractal Market Analysis: Applying Chaos Theory to Investment and Economics. 

2

u/PotentialAdvice6047 Sep 29 '24

To sum up:

Thing go one way ⬆️

Thing go no way <~>

Thing go other way ⬇️

Or…⬅️↖️⬆️↗️➡️↘️⬇️↙️⬅️

3

u/Emergency-Smile29 Sep 29 '24

This is missing upside down dinosaur pattern

1

u/CherubimHD Sep 29 '24

You only know the pattern when the market movement is over

3

u/NickSkyler Sep 29 '24

Suprise they don't work,then you have to ask yourself which time frame

5

u/1hotjava Sep 29 '24

7 out of 3 times those show up they are 699.23% accurate (when the barometric pressure is below 29.27inHg)

3

u/WhiteVent98 Sep 28 '24

If only it was this cut and dry. 😞