TradingView
Antikythera_Mechanism
Oct 3, 2020 3:20 AM

Long To Primary Wave Top 2  Long

SPDR S&P Oil & Gas Explor & ProductArca

Description

First of all, excuse the typo in the graph. I said vector CD ratio when I meant AD. Anyway. I used the closing values for point 3 and point 4 to calculate my positive and negative linear slopes. It would seem that the Xop downtrend bottom has been acquired. Although, using point 3's absolute low gives a value of about 37 at point 5 which could be reached next week. If so, this would be a great entry point. Applying the same concept to the positive linear slope on point 4 would give us a value of 77.44 at point 6. I prefer to stick to my more conservative calculation of 73 at point 6. All anyone has to do now is buy and ride it up. I suggest buying GUSH for approximate gains of 350%.
Comments
bellegleason
Good analysis.
Antikythera_Mechanism
@bellegleason, Thanks!
crakehair
well I think i will be following your analysis from now on jesus you are good
Antikythera_Mechanism
@crakehair, Cool! Thanks!
PolarHusk
Very interesting post!
Antikythera_Mechanism
@PolarHusk, Appreciate it!
VincePrince
Great view, thanks for sharing!
Antikythera_Mechanism
@VincePrince, Thank you!
BakiShirzadi
Great idea, good luck
Antikythera_Mechanism
@BakiShirzadi, Thank you!
More