The ending topping pattern of the current cycle has a 402 weeks projection completing on 26/09/2022
Price from the first top in 2015 dropped 568.51 points which is 1.4142 ratio expansion of the square's vertical magnitude.
That was also 57% correction of the entire advance from May 2000,
Currently the square ends on 26/09/22 and price is hovering around the 0.618 level at 143.171
A correction can begin from this level,
however a stronger signal will be a price and time combination if price reaches the 0.707 level at 146.731 on the 26/09/22 time axis.
A second scenario will be if price breaks through the 0.618 and reaches the 0.707 level any time sooner then a sharp correction will end on the time axis.
Trade safe and good luck.
Price from the first top in 2015 dropped 568.51 points which is 1.4142 ratio expansion of the square's vertical magnitude.
That was also 57% correction of the entire advance from May 2000,
Currently the square ends on 26/09/22 and price is hovering around the 0.618 level at 143.171
A correction can begin from this level,
however a stronger signal will be a price and time combination if price reaches the 0.707 level at 146.731 on the 26/09/22 time axis.
A second scenario will be if price breaks through the 0.618 and reaches the 0.707 level any time sooner then a sharp correction will end on the time axis.
Trade safe and good luck.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.