Long Term Model

The Long Term row represents a 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. with fixed cyclical durations.

• The frequencies are fixed at a higher duration than those in the Empirical Model (for example, three times the average length in empirical bars).
• A yellow bar indicates a number that is equal to the previous yellow bar or higher than the yellow or orange 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..
• An orange bar indicates a number that is equal to the previous orange bar or lower than the yellow or orange bar in the previous time frame.
• Bar height is standardized to the largest bar, providing a relative scale for the time frame.