This is a longer term scheme which covers the timing in terms of golden ratio (fib proportions).
Fractal Configuration/fib:
The recent uptrend is happening close to GR fib 1.618. Due to this I plotted all significant levels of resistance as well as the triggering levels in terms of fibs relating within the whole scheme.
If there is any chance of a serious bullrun happening now, it must cross above red dashed resistance line, then the levels above it, will become more relevant.
Fractal Configuration/fib:
- Decline: from ATH (timefib 0) to relevant lowest point (timefib 0.618) "A"
- Uptrend/pullback 2019: from timefib 0.618 to 1 "B"
- Recent correction/sidetrend: from timefib 1 to 1.618 "A"
The recent uptrend is happening close to GR fib 1.618. Due to this I plotted all significant levels of resistance as well as the triggering levels in terms of fibs relating within the whole scheme.
If there is any chance of a serious bullrun happening now, it must cross above red dashed resistance line, then the levels above it, will become more relevant.
Comment:
If a bullrun will not take place, making the whole resistance levels not useful, then use the chart for relevant levels below.
Comment:
Comment:
Some more "TimeFib Dates" with sine wave:
Trade closed: target reached
