Wave market analysis Part 2 by Bryce T. Gilmore
ARTICLE SYNOPSIS ...Wave market analysis
by Bryce T. Gilmore
In part one of this article (February 1988), we examined four turning points--[W], [X], [Y] and [Z]--in
the trend of Coffee, Sugar and Cocoa Exchange Sugar-World #11 contract. We looked at time cycles and
retracements and focused on the support and resistance levels they created.
This month we'll examine seven more analyses that could have been performed on the same data to detect
the four turning points.
Figure 1: Weekly Trend Wave.
A detrending analysis chart can be a great asset when evaluating the potential risk attached to a