Reaver -
There is geometry in the markets, no doubt about it. The challenge is finding a discipline, or system of application to approach trading from that standpoint. Just simple price channels and andrew's pitchforks will convince you, if you have that eye to see them.
Price patterns in the market require training your eye and your mind.
People use horizontal levels quite a bit. These are the same, but very limited as they are pretty much one dimensional.
In a range, these horizontal levels are applicable. But as we know, increasing momentum creates dynamic movements that blow through horizontal levels as price establishes a directional vector.
Pattern reading is an art, like the
VSA people will tell you their method is also. It is a way of reading charts to see the underlying balance in the market.
You can either see this stuff, or you don't. Or you don't care.
Wolfe waves are accurate patterns which demonstrate when price oversteps where it "should" go, which then sends it over-reacting in the other direction.
It is a pattern built on simple psychology.
Just to give an example of geometry, the 5 min Russell chart is the first chart I pulled up. The green lines are the exact same angle. They could have been drawn after the move up in the morning.
As price dropped into the afternoon, this was the level it accelerated off of, because that vector had been established by price momentum. When you combine that channel with a key horizontal level, you have the price and time for trend resumption.
How many people saw what I just put up real time? I guarantee you that same channel was on some peoples charts.
This gets into some pretty advanced concepts. The andrew's line gave an accurate short term target on this chart. Andrews illustrates the bisection of the counter-trend movement to give a natural price target.
ramble ramble, time for sleep.
anyone interested in this we can start a new thread.