Sometimes you will not be able to find
patterns using the search or manually clicking tops
and bottoms, even though you clearly see a curvature
with the current support/resistance, especially
when stocks are making new highs or lows.
For these situations (in my experience its probably
less than 20% of the time) you have to move the
center point around until the spirals "fit"
around multiple support/resistance areas. I have made
this more convenient to do than randomly clicking
around. Follow the instructions below and look at the
demo at the bottom of the page.
Click the
toolbar button, click any open area on the chart as the
first click and the perceived support/resistance area on
the current price
now use
the up/down arrow keys to move the spiral center until the
spiral bands align with multiple support/resistance areas.
What you are looking for here is for other confirmation
points to begin to appear (as seen in the video below)
When you have found the confirmation points, the
trajectory/trendline of the current support/resistance
will be clearly defined.
You can join in the current trend or wait for a break
for a low risk entry point
Below: Repeating flash animated video of offset
spirals. (160k)
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