Nested Geometry

Nesting geometric shapes can provide turning points and vectors that define a path for price. A vector differs from a trend line in that a trend line usually defines consecutive highs or lows of price whereas a vector defines 2 points; a high to a low, a low to low, or a high to high.

The chart below starts with selecting a range which is highlighted by the red line. That red line defines one side of an equilateral triangle. Two lines are created from the angle of that line. One of them is 60° difference to define the second side of the equilateral triangle. The other is 30° difference to define the apex of the second nested equilateral triangle. Each circle is defined by the perimeter of the triangles or the interior of the triangles.

Some key things to note is how price ran straight up the 30° angle vector and terminated at the apex of the 2nd triangle. Also notice how price also ran down the outside of the outer circle reversing at the apex of the primary triangle.

It's also easy to get carried away. Last year I made something that ended up looking like a crop circle. Of course my buddies had to poke some fun and the 2nd chart below is Akuma99's interpretation. The third chart shows price taking off like a rocket at the end up the pattern.