Just purely based on nothing but square value from lowest ever low to the lowest 2nd ever value. Use fib, start at 1 and just keep doubling it.
Doubling makes equidistant lines on a logarithmic scale.
Everything organic is due to replication.
I'll come back to this chart in a year or more, depends how long this takes to actually get to 15k.
Expanding wedge break to reach 6199.99, typical 1-3-5 > ABC.
Yellow trendline broken and rejected. Finish of a 1-3-5 wave and corrective B wave is rejected from the trend line (this looks like a bear pennant), down to $4900 to touch previous ATH.
On bounce of that, rejection of $5370 may take this price down to $4250 for a reset to resume uptrend to either fail...
This is completely experimental and for research purposes only, this trade will only be followed by myself. I need to have a public store of all experiments to publicly track progress over long periods of time.
Equal move (=1) making an expanding triangle pattern. This will complete at either two buy points indicated with the lower green boxes.
Both areas are...
Cyan lines are targets, they are 2x, 3x, 4x and 8x.
I aim to take 10% profit at every price double.
If you trade breakouts and tests, buying in at A will cover you with stop below support.
I take profit at A2 for 10% , 40% at B (20% above and below) and 50% at C with trailing stop to cover at B.
I've added to additional pieces of analysis for multiple...
Ascending triangle pattern indicating high possibility of upward momentum.
Taking into consideration the structure of the price action, it's indicative of forming an expanding triangle if the ascending triangle is rejected,
Formation of bottoming pattern and start of bubble cycle. Positive trend with long term support levels, aim to take profits at the green areas. Save 10% of initial investment for price action breaking highest high.
AUDNZD created a swing low structure.
Fundamental speculation on Australia's economy boom due to energy sector and mining sector; With the high possibility of metals such as Iron and Copper and Oil making headway, it could prove quite lucrative for their economy.
Idea invalid if structure broken.