Measured Support in the up & downs of #ES_FShowing some trendline support along with measured moves hitting on the short side.
Next leg up is a decent bet with the angles of the trendlines still green and the market in oscillation.
It is important to realize that in an oscillating market, measured moves hit all the time.
Should a solid and lengthy trend develop, the MM's will fail with price blowing past them.
Conversely in trendy markets, the MM's would be huge, but when oscillation takes over the MM"s never come close to hitting for a short time.
Programming notes:
My algorithm is finished!
I have 4 scripts off of the idea so far with 2 possibly 3 to go.
I want to get them all done so people can save on access costs through bundling.
Expect late June to early July for access to these amazing new indicators.
Shown:
B3 MEASURED MOVES TRIANGLE (Measures moves then projects them in triangulation)
B3 AUTO-DRAW (Automatically paints valid-only TRENDLINES, FRACTALS or ZIGZAG)
