In this analysis we are doing dimensional evaluation of the individual waves,
The swing naming A, B, C, D are not related to harmonic patterns, they are just for referencing for us to identify the swings,
Magnitude of swing AB = 173.28 units
Magnitude of swing BC = 115.54 units
(AB + BC) = 173.28 + 115.54
= 288.824 units
288 units is the 2nd square of 12 as per Gann squares, that means AB and BC are two halves of
a composite vector, or a unit string ending at point C
Magnitude of AC(swing from A to C) = 234.18 units
233 units is the 13th sequence number on the Fib series which indicates a nodal point.
This node end at point C
So at point C we have two sequences converging and this usually signals a change in direction,
more like a wall where a ball will bounce back. So we have a valid support at C currently for a reversal back up. Stop loss should be reasonably below point C
The swing naming A, B, C, D are not related to harmonic patterns, they are just for referencing for us to identify the swings,
Magnitude of swing AB = 173.28 units
Magnitude of swing BC = 115.54 units
(AB + BC) = 173.28 + 115.54
= 288.824 units
288 units is the 2nd square of 12 as per Gann squares, that means AB and BC are two halves of
a composite vector, or a unit string ending at point C
Magnitude of AC(swing from A to C) = 234.18 units
233 units is the 13th sequence number on the Fib series which indicates a nodal point.
This node end at point C
So at point C we have two sequences converging and this usually signals a change in direction,
more like a wall where a ball will bounce back. So we have a valid support at C currently for a reversal back up. Stop loss should be reasonably below point C