Gas TrojanI will be honest with you, I have high hopes that this one could be the project with the biggest success, not necessarily in predicting what the market might do, but how will it act and when and even where. In other words, as usual in most nen projects, most rectangles are simulated projected potential support and resistance zones in their specific time zone, with some exceptions that confirm the rule, or with a caveat. Here is the rundown:
- The biggest of them all lurking above is obvious, if the bulls manage to get the price to that level (most of us doubt it will ever reach that zone in time) they might get scared in that critical juncture of forces that might push it away back into a corner.
- The first one is a potential opportunity if the price reaches it coming from below and with the right candlestick setup it could provide an inflection point for a short. (remember this project takes into account multiple market evolution scenarios, so this doesn't need to happen, it is just a potential)
- The blue and the bigger green rectangles have some exceptions to them as they could act as zones of power influence but also power avoidance, meaning the price can go past their levels from above or from below, as long as the rectangles are not touched or pierced.
- the small rectangle with an icon has no support or resistance in that zone at that price level, this could just act as a milestone or we can use its time stamp to analyze what the market does in that time zone
- The Orange and the Red rectangles are more like stepping stones where corrections might occur from any side/direction where having a lookout for candlestick shadows for potential wave ends should be of greater importance
- speaking of candlestick shadows they should be an overall important class of setups to look out for in the entirety of the project, especially in the longer slim rectangles that are left
- on the bottom right, below the blue curve, I really couldn't come up with any projected simulated potential zones of influence, so I cooked up a grid, chess board style, meaning, we might attempt to figure out where the bishop moves or how the horse goes, if the market actually ends up sliding into that area behind the blue curve.
The project will be considered a success if important, relevant, very obvious, and quite intriguing price action, events, and other coincidences might occur in synchronicity or harmony with the elements in the project. (the more the better, we don't want to be fooled by randomness and the normal distribution of probabilities and potentials into a Picasso drawing). It will be considered a failure if none of the rectangles hold as pivot point zones or inflection areas and the price just keeps breaking them down like they don't even exist or matter, sliding the price into zones that are irrelevant for the project and its elements.
Unfortunately, the nature of the entirety of the project required a wider zoomed out perspective, but I promise I will update comments with specific interesting candlestick setups or patterns that I will consider to be relevant in trying to analyze and maybe anticipate what the market might do, or at least compute a better assessment of the probabilities of the scenarios that could happen and how...
Bon Voyage! This could get very interesting and a really Fun Ride. Also feel free to comment with your own perspective and judgement or bias, regarding what the market might do, especially if we enter into Chess Zone.
