Price rested at appx 2170 (depending on market) which is appx 1/2 of all time high of 4384.
While this low isn't significant as price has chopped through it several times, you must factor in "time".
The 1700 low didn't get a 1.25 target but instead hit 120% of octave... (8/6.666)
Given 4384 is a long period in days, to make it useful we could try 4384/8(0) for 54.8 cd from 5/12/21 which is today, which at least provides "some" math/harmonic probability to the low being significant.
FWIW the S&P made its low last year at 2174 and is approaching 4384 itself... seems too perfect to stop at doubling and likely won't but interesting how two different markets have similar #s
While this low isn't significant as price has chopped through it several times, you must factor in "time".
The 1700 low didn't get a 1.25 target but instead hit 120% of octave... (8/6.666)
Given 4384 is a long period in days, to make it useful we could try 4384/8(0) for 54.8 cd from 5/12/21 which is today, which at least provides "some" math/harmonic probability to the low being significant.
FWIW the S&P made its low last year at 2174 and is approaching 4384 itself... seems too perfect to stop at doubling and likely won't but interesting how two different markets have similar #s