MULN Harmonics And Wave Analysis

Hello guys! I previously stated that there would be a drawdown to 1.76 area and also conveyed to a few followers that 1.56 was a level of interest. I have also found that 1.44 is a level of interest; however, after analyzing the wave structure of the first and second waves, I wave found something even cooler. The level on the second wave of 1.36 - 1.35, as measured from the exact fractal ratio derived from the first wave, ignoring the impulse wave between the two waves, gives the exact top of the candle gap given on the daily chart. I suspect that price; therefore, will extend down and fill this gap exactly. Further mathematical analysis of the amplification of magnitude for these waves and the phase shifting of their wavelength was then in order. I give you here, the mathematical analysis, combined with the harmonic analysis. The comparison of the two models of analysis shows a very close correlation for price but less so for time. So, my working hypothesis is that we do hit 1.36, bounce around for a month or two and then make a fast 5 X to 6 X bags of profit going long on this trade. At this point, you should then consider taking this trade to the short side again. Good luck, trade safely, and let's make that money!

Comment:

I made a mistake on the calculation. The magnitude calculation gives a value of approximately 9.30. The closest harmonic is a crab pattern showing heavy resistance at 9.47.