Perfect Time@Mode Example in EEM Emerging Markets ETFHere is a perfect example of the TIME@MODE concepts at work in the markets.
Count from a low and find the level where the most number of bars touch the same price.
Then draw a box around the range of the bars that touch the mode.
Use that box of accumulation to project the next rally in both time and price.
In time, count the number of bars that touch the mode. Once the market detaches from that mode you begin to count. If there are 14 bars at the mode, as in this example, you can look for the market to advance for 14 bars.
A more aggressive price-target is to count from the lowest price of the trend (start of lowest yellow arrow) to the MODE or most frequently touched price. Then use that distance to project up.
We highlighted this setup and trade in the KEY HIDDEN LEVELS chat room where we discuss TIME@MODE and KEY LEVELS (only) along with the other indicators in the KEY HIDDEN LEVELS package of indicators.
Target from here is a return to the mode.
10:33AM EST 3/8/2016
Tim West