Road Map Cypher Trading System by Charter XHello,
This is a System I have developed after months of case studies to trace a map when price reach Buying Climax (BC) on a Wyckoff Distribution System or just a simple BC.
I'm pretty sure that all of you have wondered sometime where do the measures come from after BC and where will the price could go. Well if you have never asked that question maybe this is the moment, and if you do, this is the possible answer.
This study and research i have been doing is based in the study of Fractals or Harmonics that takes place in trading. Measures are done using Fibonacci Retracement tools and with the help of Chuvashov Fork System to verify some of the stages after Wyckoff Distribution System.
I usually use Cypher tool for representations as you could probably have seen in previous analysis. If you have not, i invite you to take five minutes of your time and check other analysis (like XAUUSD for instance). But i believe this will be an easier way to visualize it. It is not easy to detect fractals at simple view since they may vary in different time frames.
Take in count that if one of the points are broken, it probably means that the fractal in Stage 0 could have been miss calculated, or the time frame is not the right one, or as simple as it has been a mayor change in market due external causes.
I would try to use this case on XBTEUR as a sample to explain how it works along time.
I hope this helps you out on your tradings and gives you a little bit more of knowledge about Harmonics, Fibonacci Retracement, Chuvashov Fork, Wyckoff and other systems and tools, all combined in one.
Cheers!
Charter X
PS: I leave you the first snapshot to keep track.
