By this stage, you should have a good, solid understanding of the Ranges that Wesfarmers made during the 23 February, 2015 to 16 November, 2015 bear market. Now, we are going to apply our Geometric Angles, to see if the concept of Squaring Time and Price could have helped us to make better trading decisions during this bear market.
You can use either your printed wall chart or your trading software (or any other method if you can think of one!) to run your angles. As we discussed during the webinar, there are dozens and dozens of angles that you could use, but that won’t always be practical in real-life trading. Try to find a good point size to use that gives you angles that cover the market action. Start small – you can always add angles later.
Finally, don’t be intimidated – this is a learning exercise. You are allowed to make mistakes.
I have included a copy of the Wesfarmers chart below, with the start and end of each section marked. Try running angles from each of these sections. You are looking to see if Time and Price are Square at the end of the move.
