I look for a multi-day price top to develop during this period of expanded -- probably at, or very near a price of 353.6. Let's put a 10% filter around this center target number and call for the expected top to develop in a range between 351.10 on low end and 356.1 on the high end. When time and price targets collide next week-- it will be time to set up a multi-day short position in AMZN .
I have developed a series of algorithms that combine the cyclical analysis forecasting techniques of J.M. Hurst with the time "squaring" philosophies of W.D. Gann. To this concoction I then add a dash of my own 20+ years of market research experience. I blend all three parts together and run it through a computerized filtering mechanism. The output I create in this manner has been trademarked as TrueCast Technology.
As W.D. Gann opined years ago -- and as I personally believe is true today -- when time and price "square" -- a trend change is imminent. In keeping with the spirit of the ideas originally developed by Hurst and Gann -- I will always post both a specific price and time target for each of the periods under consideration, ie. intraday/day/week/month.
My hope is this broad overview of my methodology has served as an acceptable answer to your question. I appreciate your interest and look forward to the prospect of chatting with you again.