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Offset Centered Spirals.

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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