The Apple & the Wire-mesh Technique

Here is a strange technique to guess the direction of price movement from its chart.

Imagine a price graph as the one made not by pencil but by bending thick copper wire.

Imagine holding that wire-mesh graph from one end (earlier date) with your left hand.

Now imagine that you have hung a heavy apple from the other end (latest price point).

If the wire mesh can withstand the apple's weight, the graph is bullish.

If it can't, it is bearish.

Crystal gazing????

Wishful rubbish????

Think again.

Being from Engineering background we used to test structures like this.

I tried this method recently in light vein but was shocked to see its accuracy.

Actually, the sharp base-points of any semi-circular price movement are like stress-points of a structure.

Any straight wire has much less strength than a kinked or bent wire.

This strange method will become easier and make better sense if you try doing a few practicals at home.

I am sure you will have a 200 watt smile at your face on seeing the result.