PYP room to extend gain for at most a couple of days
In order to understand the timing wave analysis is represented as an add on of the technical one. The most prominent daily swings identify a wave (cycles). Two types of cycles represent the chart; inverted cycles and index ones.
Index cycles are cycles that start with a minimum and end with a minimum that might be higher or lower compared to the starting one.
W: weekly cycle (6 to 11 days)
W+1: biweekly cycle (12 to 21 days)
W+2: Monthly cycle (22/23 to 43 days)
W+3: three months cycle (44 to 86 days)
W+4: half-year cycle (87 to 166)
W+5: annual cycle (167 to 336)
Each of the cycle has a minimum and maximum duration
Inverted cycles are cycles that start with a maximum and end with a maximum that might be higher or lower compared to the starting one.
Wi: inverted weekly cycle (6 to 11 days)
W+1i: inverted biweekly cycle (12 to 21 days)
W+2i: inverted Monthly cycle (22/23 to 43 days)
W+3i: inverted three months cycle (44 to 86 days)
W+4i: inverted half-year cycle (87 to 166)
W+5i: inverted annual cycle (167 to 336)
The analysis: We are at the end of W+2i inverted cycle as its maximum duration is 43 days (43 daily candles) therefore I am expecting as best scenario again 2 days of raise, minimum another day of raise (today). At the end of this cycle, another inverted cycle monthly cycle will start with a temporary downtrend.
The red swings are the controls to the raise resistance. Their break is fundamental to continue the uptrend
The purple one is our checkpoint in case of a downtrend. Its break and time within this occurs will tell us more whether to opening or not a short position.
Index cycles are cycles that start with a minimum and end with a minimum that might be higher or lower compared to the starting one.
W: weekly cycle (6 to 11 days)
W+1: biweekly cycle (12 to 21 days)
W+2: Monthly cycle (22/23 to 43 days)
W+3: three months cycle (44 to 86 days)
W+4: half-year cycle (87 to 166)
W+5: annual cycle (167 to 336)
Each of the cycle has a minimum and maximum duration
Inverted cycles are cycles that start with a maximum and end with a maximum that might be higher or lower compared to the starting one.
Wi: inverted weekly cycle (6 to 11 days)
W+1i: inverted biweekly cycle (12 to 21 days)
W+2i: inverted Monthly cycle (22/23 to 43 days)
W+3i: inverted three months cycle (44 to 86 days)
W+4i: inverted half-year cycle (87 to 166)
W+5i: inverted annual cycle (167 to 336)
The analysis: We are at the end of W+2i inverted cycle as its maximum duration is 43 days (43 daily candles) therefore I am expecting as best scenario again 2 days of raise, minimum another day of raise (today). At the end of this cycle, another inverted cycle monthly cycle will start with a temporary downtrend.
The red swings are the controls to the raise resistance. Their break is fundamental to continue the uptrend
The purple one is our checkpoint in case of a downtrend. Its break and time within this occurs will tell us more whether to opening or not a short position.