Another view is this:ImpLaNT wrote: Fri Nov 17, 2023 5:03 pm Current vision of the situation on gold on the Orbit screenface (continuation of the post post1295527814.html#p1295527814)
The first thing that needs to be said is that despite the very significant pullback, Orbit has not given up on the possibility of a further price drop. This is evidenced by the following elements of the screenface, logically combined into blocks for better understanding...
1) Orbit is an Oscillator model of the market and tracks a parabola (check what is a shape of a parabola).
2) It tracks this movement from low to high and from high to low and does so for the entire market at the same time (the market moves as an entity, it is a single point).
3) Partitions are ranges of the same space and have no uniqueness of their own (i.e. no independence from each other and are dependent on each other).
4) Therefore, when when the parabola point is at a low for the whole market it must loop from that low to a high point for the whole market in order to complete a cycle
5) However, in doing so price is non monotonic (moves up and down going up or down) and this is true across all partitions.
6) Each partition has its unique high and low limit (or range) in time and so in say an upward movement if n reaches its top it must "retrace" to a low to return.
7) If this is true for all partitions n - 9n then of course we see why the market is mean reverting across all scales and understand the basis and timing of Pullbacks.
8) But the market fractal is affine which implies trendside moves are longer than pullback moves in time and range.
9) So look at Screenface and all that on it as a number line defined from left to right and a move from market low to market high flips things from left to right.
10) Therefore Price action S ---> M ----> L flips in this order to show what? Intensification. This is step by step because at partition limits we have pullbacks to return.
11) The Command structure (CMD 1) follows this pattern most accurately and so when up like now assures the behaviours above in one direction.
12) We cannot jump to conclusions about the future unless CMD changes and must follow the S-M-L order until a change.
13) For now therefore and given we follow a sequence we must assume this will complete and price will rise until it flips everything the same until L.
14) Logically then in an up movement as now negative higher colours indicate only HISTORY and not anything else as they merely await their turn to be flipped.
15) All new impetus comes from n and limits at 6n (transactions register intraday and any change comes intraday not beyond).
16) We say therefore that price evolves by persistent cyclic trends (accounting for the mean reverting nature of price),
17) So we see why CMD 1 is the most important structure and as long as directed we cannot guess anything about anything until it turns.
18) We also see why zigzags and semaphores do not "repaint" in any sense rather price "repaints" and they track price like a leach (very accurately)
19) So this being so iterative space is also recursive (repeats a fixed pattern in one direction) and you will have several tops in one direction that retrace and return to keep price going until a high inflection point on a parabola leads to a sustained opposite behaviour down.
20) This is a sensible meaning and understanding of Deterministic and therefore no need to fear or worry about sudden or random unexplained change outside of this frame work and why news has no meaning in chaos and is the biggest falsehood ever propagated in trading leading traders to live in the slavery and fear of news making fundamentally (mathematically), silly analysis about things that do not exist. So again from left to right and nothing stops the movement and hence the pattern until CMD changes. Higher opposite colours when lower colours change predict nothing and merely reflect historical track (though sometimes and due time they appear predictive when due range limits in partitions price for instance in this case falls before they change but that is rare and we have no means of being correct as to timing. More usually however, price will persist and change the higher colours to retrace within that change and hence you hear me say in-phase pullback, e.g. L will change and there may be no major retrace until it does, rather the retrace may come just after the change).
21) The above is a long list of things but I hope they can be remembered for use in the analysis of screenface. That market and chaos is just so complex that there is no way I can explain things to cover everything possible at once. But this is a start. The math and the new words it brings to us are so critical to understand in helping us read evolution e.g. persistent cyclic trend, mean reversion, cyclicality or aperiodic cyclicality, phase, etc and etc. The concepts are therefore more important than our instincts in guessing them or at least we need to make an effort in understanding their means academically to observe them in space before we can become more adept at guessing them because they are real and actual behaviours that are more or less fixed in form and will keep repeating in this way as long as markets are traded.
But great work @ImpLaNT and kudos. Now see if you can refit your thinking with mine (does not have to be in a day or even 5 but as you "get it"). In any case the hope is that you and others are stimulated to see my meanings and that this helps in reading screenface dynamically but of course this is not a complete coverage and you will make other observations yourself which will be very much valid to your understanding and ability in entering and holding traders in direction. But most important to recall always that CMD 1 is the key to cyclic behaviour.
(-_-)
PS: Keep in mind the notion of a number line. Everything flips (reverses) left to right subject to the fact of partition limits and hence oddly timed mean reversions at different scales per event. It is this structure that makes the market appear random and it is not reaction or anything to news (the "technical" and "fundamental" view on news is just a stupid scarecrow that has been and remains bane of trading and getting out of that mindset is too, too difficult because even me that knows this for a fact I am still a bit distrustful of what I read around major events). Get that out of your head and trust Orbit 100% and your income MUST multiply over time by a hell of a lot. You can see maybe why I am so harsh toward "technical" and "fundamental" rubbish. They cost me and you money and have no basis whatsoever when things are understood mathematically.
