Okonomiyaki79

GLBS Wormhole 2016 Back Test - updated

NASDAQ:GLBS   Globus Maritime Limited
We can learn a lot from history. How things were built- how history tends to repeat itself.

This maps out an exploratory idea around how the angle of the pyramids, the golden ratio and architecture can help us map out potential possibilities. Going back to 2016 as a back test, we can clearly see that the different angles of the base of pyramid provide S&R and trend lines in different frames of its existence.

As you can see on the far left- the chart fell into the trap of the fib circle gaining support from the bottom fib. It's first attempt to break the 2.618 failed as this was not only a fib line but a resistance line from the upper section of the pyramid. As it rode the 2.618 line- it finally broke free- starting its journey to the edge of the wormhole. Evidently, being sucked in only to create a base for the bigger picture.

They say it took 27 years to complete the pyramids. 27 being a significant number in general, the time it took from building this base to finishing the top was 207 days.

From here- the price finds its way out of the base of the pyramid on 9/7, breaking that top corner with a high of the day at 2721.20 ( obv. R/S)

As it transfers to the next fib circle, the transition seems to be going rather smooth. As it clears the previous fib circle- it is apparent that the transplant was having a difficult time accepting its new body. Price immediately dips to 1.618, stabilizes itself and on 11/11 with a low of 20.70 the price wormholes into the heavens.

After that- a significant drops and another attempt months later to get back into the tip of the pyramid- but the structure is already complete and the price begins to struggle. Just as the price was getting used to its new fib circle- as soon as it ends on the far right- the price drops considerably.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.