Empirical Model

The Empirical row represents a transverse timing model that studies cyclical patterns of a market's turning pointsA point in time at which a market direction change occurs or may occur. Also called a target date..

• The cyclical frequencies have fixed durations, specific to a given market's cyclical pattern over time, and not sensitive to external factors.
• A blue bar indicates a number that is equal to the previous blue bar or higher than the blue or teal bar in the previous time frameOne of the five key viewpoints of time into which analysis is divided: daily, weekly, monthly, quarterly, and yearly. Also called a time level..
• A teal bar indicates a number that is equal to the previous teal bar or lower than the blue or teal bar in the previous time frame.
• Bar height is standardized to the largest bar, providing a relative scale for the time frame.