The time factor is there.
Let's look at exactly what time is. As I see it, it is a measuring device. To relate it to P&F: I put an "X" on a P&F chart, then at some later point in time, (whenever) I put another "X". Time has passed; empirically we have evidence on the P&F chart that time has passed. Two "Xs" means time has passed. That's all there is to it.
P&F says that it makes no difference whether or not it was one day or one year between the "Xs". That's what I would call "discounting" time.
Further, what is a triple top? A double top with more time? Same with a Spread Triple Top. A Catapult makes use of the time factor in order to give a signal. It's discounted, but it's there, empirically. One pattern forms after the first one.
Up until I started studying P&F, I gave tremendous credence to the time factor in a chart. I'm talking about a bar chart. I still do. I have not abandoned everything I have ever learned.
In my opinion, your assertion that P&F cannot be fully based in reality because there 'is no time demonstrated' cannot possibly be accurate, for two reasons; first, there is time on a P&F chart, as I have explained, and secondly, I am not fully convinced that time is a requisite for reality. |
