In this exercise, you will note the dates and degree counts (from the 2015 ephemeris provided in your handouts) of each weekly turn on Wesfarmers during the bear market from 23 February, 2015 to 16 November, 2015. The aim here is to build on the Ranges work you have already done, by using Time to back up your Price work.
Remember that there are four sections down on the monthly swing chart, as shown in the chart below, so make sure you pay special attention to the degree counts at the start and end of those sections, to see whether Time by Degrees could have helped you with them.
You can complete this exercise using trading software, or you can complete it on your printed chart from Exercise 2. You know which one I would prefer you to use.
The best approach is to be mechanical – simply go through and mark up all the degree counts first, rather than agonizing over each one, trying to work out how everything fits together. David says that your hindsight WILL become your foresight – but only IF you use it often enough. These exercises are about applying hindsight, one layer at a time.