I am holding short. My analysis is below. Think at least it should reach 1.0000 or .9000. Here is the chart made up:
Red line as resistance:
Aug 02, 2017 high
Aug 21, 2017 high
Parallel line in blue (with grey light shade)
Aug 02, 2017 high
Aug 09, 2017 low
Dark green support line- more permanent
Aug 04, 2017 low
Aug 09, 2017 low
Light green support line temporary
Aug 09, 2017 low
Aug 17, 2017 low
As per time line analysis those lines are intersecting on 1.0000 area on or about Feb 02, 2018
AND
.9000 AREA ON OR ABOUT May 16, 2018
The other time ratio if the lower end of the parallel channel (light blue line) holds then:
1.0000 area will hit on or about Aug, 20, 2018
AND
.9000 area on or about April 02, 2019
Red line as resistance:
Aug 02, 2017 high
Aug 21, 2017 high
Parallel line in blue (with grey light shade)
Aug 02, 2017 high
Aug 09, 2017 low
Dark green support line- more permanent
Aug 04, 2017 low
Aug 09, 2017 low
Light green support line temporary
Aug 09, 2017 low
Aug 17, 2017 low
As per time line analysis those lines are intersecting on 1.0000 area on or about Feb 02, 2018
AND
.9000 AREA ON OR ABOUT May 16, 2018
The other time ratio if the lower end of the parallel channel (light blue line) holds then:
1.0000 area will hit on or about Aug, 20, 2018
AND
.9000 area on or about April 02, 2019
