Every cycle finds a local top from the 1.618 log previous cycle based fib and capitulates afterwards. That marks the top of the range.
Every cycle finds a local bottom at the 0.5 log cycle based fib. That marks the bottom of the range.
2013 & 2017 Show reversals at the same milestones: These milestones being the 1.618, 0.5 log cycle based fib, July reversal, Sept. reversal, and an October 1.618 log fib crossing.
2021 doesn't appear to be any different...
✔️ We've struck the 1.618 log previous cycle based fib and capitulated
✔️ We've reversed at the local bottom (0.5 is hindsight but there's a number of other ways to determine this see related ideas)
✔️ We've reversed in July
✔️ We've capitulated and are showing signs of a reversal in September
So... is the bottom of September in?
Do we cross the 1.618 sometime in October?
Is this time any different?
I say this time is no different.
See related ideas.
Every cycle finds a local bottom at the 0.5 log cycle based fib. That marks the bottom of the range.
2013 & 2017 Show reversals at the same milestones: These milestones being the 1.618, 0.5 log cycle based fib, July reversal, Sept. reversal, and an October 1.618 log fib crossing.
2021 doesn't appear to be any different...
✔️ We've struck the 1.618 log previous cycle based fib and capitulated
✔️ We've reversed at the local bottom (0.5 is hindsight but there's a number of other ways to determine this see related ideas)
✔️ We've reversed in July
✔️ We've capitulated and are showing signs of a reversal in September
So... is the bottom of September in?
Do we cross the 1.618 sometime in October?
Is this time any different?
I say this time is no different.
See related ideas.
Trade active
Look at it... lolTrade closed: target reached
Bullseye. Literally
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.