Geometry: Ellipse and Adjusted Axis

Hey! Hope you are well!
Here is an adjusted axis on the five minute chart; the native chart I was using is five minute; here is the picture of what it looked like.
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The varying eccentricity of the ellipse comes from the varying circular levels such as .25, .5, .75, 1, 1.25, 1.5, 1.75, 2
Imagine the circle as a 1x1 ellipse; now imagine the next ellipse as a 1x1.25; imagine the next one as a 1x1.5; go all through the varying harmonics of 1xn.

Enjoy!

Suggested Reading:
Law of Vibration - Tony Plummer

Michael Jenkins - Geometry of Stock Market Profits, Chart Reading for Professional Traders, Complete Stock Market Forecasting Course

Scott M. Carney - The Harmonic Trader, Harmonic Trading Volume I, Harmonic Trading Volume II, Harmonic Trading Volume III

H.M. Gartley - Profits in the Stock Market

Bill Wiliams - Trading Chaos, New Trading Dimensions, Trading Chaos 2nd Edition

J.M. Hurst - The Profit Magic of Stock Transaction Timing, Cyclic Analysis: A Dynamic Approach

Fabio Dreste - Quantum Trading

Michael Jardine - New Frontiers in Fibonacci Trading

The Wave Principle, Nature's Law
Ralph Nelson Elliot

Technical Analysis of the Financial Markets
John J. Murphy
adjusted-axiscircleellipseSupport and ResistanceTrend Analysis

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