Three Line Break is a little known form of technical analysis. It helps find trends and show whether they're about to form or end.
Monday, January 18, 2010
3LB & EWT
Using a WTI monthly chart as an example can different break counts help identify Elliot Waves?
By drawing trend lines between the high and low prices for each break will they show the different wave counts? I'm using 2,5,8 and 13 line breaks in this example.
In the same way in which it is impossible for a mathematician to specialize in triangles and to neglect the study of circles, it is impossible to be an expert on wage rates without at the same time mastering the problems of profits and interest, commodity prices, and currency and banking.
Economic Freedom and Interventionism, p. 234 Ludwig Von Mises
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