Price is expanding in perfect cycles of Phi
Time progression at January 2018 high = 956 weeks
Price expansion = 594.52 - 12.5 = 582.02 points (-6)
588 * 1.625 = 955.5 units
So Price : Time = 588 : 956 = Golden Rectangle (Phi)
Total price expansion at November 2020 high = 960.66 points
The 960.6 points has been divided into its 1/3 and 2/3 divisions with the 1/3...
This is a very interesting and useful indicator.
You can use it for the following purposes:
Trend
------We are in an uptrend when dots are below the candles.
------Downtrend is when dots are above the price.
Entry Signals
------ Buy signals ( Only in an uptrend market ). The first dot below the candle
------ Sell Signals ( Only in a downtrend market ). The first...
