KEEP BUYS FOR LONG TERM TARGET AT 6540 WITH EXTENSION TO 6779
Price has been expanding on a growth sequence of the square root of 2
From a unit square price expands through a sequence of 1.000, 1.4142, 2.000, 2.828, 4.000...
2020 crash made a low at 2302.84, from this level we have a growth sequence following that of a unit square with variation of Phi
From the low at 2302.84 we've had three tops 3451.16, 4415.23 and 5121.71
(3451.16 - 2302.84) = 1148.32 points = (1.0)
(4415.23 - 2302.84) = 2112.39 points = (2.0)
(5121.71 - 2302.84) = 2818.87 points = (2.828)
Between the first two tops: (4416.23 - 3451.16) = 964.07 pts
The second and third tops: (5121.71 - 4415.23) = 706.48 pts
The two expansion tops combine to give us (964.07 + 706.48) = 1670.66 pts
From the low we then find a growth sequence of 1148.32 and 1670.66 points with the 1670.66 side subdividing into harmonics of 964 - 706
We can then conveniently project the next top to complete at the 4.0 expansion of the unit square and 4.236 Phi function. Since we have a range between 4.0 and 4.236 this will give us the zone 6540 to 6779 to expect the next major top. Adding a time function will greatly reduce the range for a clue when to expect this top. The time measurement on the chart shows a 609, 616, 378 days between major points, next time mark should align with price at the top.
Please check back or follow for updates
Trade safe and good luck
From a unit square price expands through a sequence of 1.000, 1.4142, 2.000, 2.828, 4.000...
2020 crash made a low at 2302.84, from this level we have a growth sequence following that of a unit square with variation of Phi
From the low at 2302.84 we've had three tops 3451.16, 4415.23 and 5121.71
(3451.16 - 2302.84) = 1148.32 points = (1.0)
(4415.23 - 2302.84) = 2112.39 points = (2.0)
(5121.71 - 2302.84) = 2818.87 points = (2.828)
Between the first two tops: (4416.23 - 3451.16) = 964.07 pts
The second and third tops: (5121.71 - 4415.23) = 706.48 pts
The two expansion tops combine to give us (964.07 + 706.48) = 1670.66 pts
From the low we then find a growth sequence of 1148.32 and 1670.66 points with the 1670.66 side subdividing into harmonics of 964 - 706
We can then conveniently project the next top to complete at the 4.0 expansion of the unit square and 4.236 Phi function. Since we have a range between 4.0 and 4.236 this will give us the zone 6540 to 6779 to expect the next major top. Adding a time function will greatly reduce the range for a clue when to expect this top. The time measurement on the chart shows a 609, 616, 378 days between major points, next time mark should align with price at the top.
Please check back or follow for updates
Trade safe and good luck
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.
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.