It has been a while since my last blog, not sure if I can still write some thoughts down on a paper, so let's try=))
During our trading journey, we often wonder how the market behaves on the price charts. Every one of us employ different methods and views so he can trade his edge comfortably. Some of which can be the market harmonics or market geometry trading... One law stated by very well-known Alan Hall Andrews says that the market reaches the median line in 80% of time (hopefully I remember that one correctly). And there are certainly more of these.
The question which immediately arises is: “Is there any research which could confirm that there certainly are universal laws in price charts of financial assets?”
The answer is surprisingly - Yes. We talk about…