Price action has unfolded with specific price and time ranges from the low 1046.
From observation the time axis has an internal time of 609 days working ranges with price.
To make it simple, projecting ratios of the internal time 609 forward from the immediate low 1160 on 16th August 2018,
609 * 0.5 = 305 days
305 days from the low on 16th August 2018 projects to 17th June 2019 where we saw a trend shift.
Also 609 * 0.577 = 351 days
351 days from 16th August 2018 projected to 1st / 2nd August 2019 where we saw another trend shift from the decline 1400 to the current high.
Next 0.618 time of 609 : 609 * 0.618 = 376 days
376 days from 16th August 2018 projects to 27th August 2019 where a trend shift is likely.
Now we have to monitor price ranges confirming the price and time relationship on 27th - 31st August.
The 1532 price axis is cleared, we now have 1545, 1566 and 1582 to monitor against time.
Please check next post for the price analysis and ranges.
Likes, comments, suggestions and additions are highly welcome
From observation the time axis has an internal time of 609 days working ranges with price.
To make it simple, projecting ratios of the internal time 609 forward from the immediate low 1160 on 16th August 2018,
609 * 0.5 = 305 days
305 days from the low on 16th August 2018 projects to 17th June 2019 where we saw a trend shift.
Also 609 * 0.577 = 351 days
351 days from 16th August 2018 projected to 1st / 2nd August 2019 where we saw another trend shift from the decline 1400 to the current high.
Next 0.618 time of 609 : 609 * 0.618 = 376 days
376 days from 16th August 2018 projects to 27th August 2019 where a trend shift is likely.
Now we have to monitor price ranges confirming the price and time relationship on 27th - 31st August.
The 1532 price axis is cleared, we now have 1545, 1566 and 1582 to monitor against time.
Please check next post for the price analysis and ranges.
Likes, comments, suggestions and additions are highly welcome