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Let's say the chart shows 12 x's up and 8 zeros down then, 12 x's up and 8 zeros down then 6 x's up and 4 zeros down. Then this repeats 12 x's up and 8 zeros down then, 12 x's up and 8 zeros down then 6 x's up and 4 zeros down. Then it peaks and starts down.
The chart is showing that:
a rising cumulative total
the advancing times are longer than the decline times - longer to the peak than to the valley
two waves (using a wave to mean the up move and down move) of 20 hours and one of ten and then a repeation of this sequence. So 50 hours in a major cycle and two major cycles = 100 hours for a complete cycle. Each major cycle was two longs and one short.
a time ratio of 3:2 - this will show in a constant slope with low on an uptrend.
One avenue of exploration for time charts is fungible scale.
an hour can be an hour regardless of where it is in the day cycle or week cycle on you can change it
ES trades (with some stupid island of time in the o/n ) from 15:30 to 8:30am and then RTH 8:30 to 15:15 totaling 23 trading hours but with most of the action in the RTH and the hour prior.
RTH is 905 mins
and 23 hours is 1380 min less 405 leaving 975 min in o/n
So one could compress the o/n mins giving them less time units/min than the RTH.
L Bradford-Rashe explored a similar idea with the photon charts where time was compressed with volume (I think)
