As seen on the chart, price has been running 50% corrections of the ranges and currently the 50 : 50 balance expected at 1503 is completed. Two scenarios to expect : Price advanced 155.87 points and corrected 50% between bulls and bears, declining 78.39 points.
Price then expanded in ratios of 0.667 advance and 0.333 correction of 155.87. 155.87 * 0.667 = 104 approx. Also 155.87 * 0.33 = 51.43 (104.83 + 51.05 = 155.88)
We have already seen a double advance of 104.83 points. Projections are that if a next advance will occur, we expect price to either repeat 104.83 points advance from 1503.785 1503.785 + 104.83 = 1608.615 (TP 1) 50% correction: 1608.615 - 51.43 = 1557.185 ( TP 2)
Next, we can also expect a geometry of 155.87 - 104.83 - 104.83 - 155.87 to occur. ( 1 - 0.667 - 0.667 - 1 )
if price will make a 155.87 points advance from 1503.785 1503.785 + 155.87 = 1659.655 ( TP 3) 50% correction : 1659.655 - 78.39 = 1581.265 (TP 4) The pattern favors a 1 - 0.667 - 0.667 - 1 formation as this will form a perfect 3rd Dimension harmonic pattern. 1 + 0.667 + 0.667 + 1 = 3.33 ( 3rd Dimension Harmonic Ratio )