Written by:
Patrick Mikula CTA
Mikula Forecasting Company
www.MikulaForecasting.com
support@MikulaForecasting.com
Copyright © 2008 by Patrick Mikula All Rights Reserved.
The next example for using the 1×1 price time angle is the long term weekly chart below. This is a weekly chart for the S&P500. The chart is a fixed price and time chart with the price scale locked to 5 points per bar. The price time angles on this chart also are using a price unit of 5 points per bar. Starting from the low in 2006 I have drawn the standard 2×1, 1×1 and 1×2 angles up from the low. The chart shows the top in 2007 formed on the 1×1 price x time angle.
SP500 1x1 Angle
Written by:
Patrick Mikula CTA
Mikula Forecasting Company
www.MikulaForecasting.com
support@MikulaForecasting.com
Copyright © 2008 by Patrick Mikula All Rights Reserved.
Here is an example of using 1×1 price x time angles on a real-time 1 minute chart for Apple computer symbol AAPL. The chart is setup with a price increment of 5 cents or .0.5. The 1×1 angles therefor have a slope of 5 cents per bar. On the first chart below “T1″ is a top that has formed right on a 1×1 line that is moving up from a bottom that is off screen. You will see that not every top and bottom form on a 1×1 line but many of them do.
Apple 1x1 Angle
On the next Apple chart there is 1×1 angle drawn downward from top T1. The bottom B2 formed on this 1×1 angle.
Apple 1x1 Angle 2
Our final 1 minute chart for Apple shows the top T3 formed on a 1×1 angle which started from a previous bottom. As you watch the real-time markets throughout the day you will see several tops and bottoms forming on 1×1 angles. Not every top and bottom will form on a 1×1 angle but several tops and bottoms will form on 1×1 angles every day
Apple 1x1 Angle 3
