PREVIOUS HIGH 1913, then price dropped to 1046, my view and analysis... to keep it simple I am using 1,2,3,4,5 labelling however it is not that simple therefore do your analysis
1046-1375=1, 1375-1123=2, 3= 1123+330(100%)=1453, 1543(127%),1656(162%),1783(200%), price got to 1703 then corrected to 1452 and has reversed currently at 1620's, so what does this mean 1703 was the 3rd and 1703-1452 the 4th
quite possible therefore likely prices likely going above 1703 to complete the 5th, where does the 5th end quite simple 1452+330(100%of1)=1782, 1782/1783 from the above calculation is also 200% of 1... quite easy but not that simple!!! looking at the internal setup then...
1046-1375=1, 1375-1123=2, 3= 1703 or extending higher??? 1123-1366=1, 1366-1206=2, 1206-1703=3? these are 3 waves then 1703-1452=4?? and still 1 more to complete the 5th and would this be the 3rd @1782/1783?? if so then high probability of higher prices 1783-1820 or double top at 1913 for the 3rd wave.
The Alternate:
1047-1375=1, 1375-1123=2, 1123-1703=3,1703-1452=4(2 & 4 are of equal 250pts), therefore 5th 1452+330(1)= 1782 or it could extend higher 1452+580(3)=2082where 5=3.
Basing it on harmonic ratios then price range= 1785-1825 & 2039-2165.
1046-1375=1, 1375-1123=2, 3= 1123+330(100%)=1453, 1543(127%),1656(162%),1783(200%), price got to 1703 then corrected to 1452 and has reversed currently at 1620's, so what does this mean 1703 was the 3rd and 1703-1452 the 4th
quite possible therefore likely prices likely going above 1703 to complete the 5th, where does the 5th end quite simple 1452+330(100%of1)=1782, 1782/1783 from the above calculation is also 200% of 1... quite easy but not that simple!!! looking at the internal setup then...
1046-1375=1, 1375-1123=2, 3= 1703 or extending higher??? 1123-1366=1, 1366-1206=2, 1206-1703=3? these are 3 waves then 1703-1452=4?? and still 1 more to complete the 5th and would this be the 3rd @1782/1783?? if so then high probability of higher prices 1783-1820 or double top at 1913 for the 3rd wave.
The Alternate:
1047-1375=1, 1375-1123=2, 1123-1703=3,1703-1452=4(2 & 4 are of equal 250pts), therefore 5th 1452+330(1)= 1782 or it could extend higher 1452+580(3)=2082where 5=3.
Basing it on harmonic ratios then price range= 1785-1825 & 2039-2165.
