PRIMARY ANALYSIS ON D1
We would want to discuss a very important market structure which is about to complete.
On the chart is identified a 255.397 X 255.397 square structure ABCD in price action from the March 2009 low.
By dynamic growth we know that a unit square grows along its diagonal through a geometric progression of 1.4142, 1.707, 2.0 and completes at a root(5) or 2.236 growth given that the ends(vertical axis) are constant and the sides( horizontal axis) are dynamic.
So the progressions of the growth are indicated on the chart by the vertical and horizontal lines, from the base at the March 2009 low, the top band projects to 32009.3 price level where price has just touched for the first time in 12 years.
So the first growth square will be the 1 x 1.4142 structure which is 255.397(price) x 361.182(time) indicated in pink and the growth continues until the completion of the 2.236 growth. The diagonals of each growth phase is very important as it divides the structure into geometric areas from which we can derive our strongest levels.
Using the diagonals we can find the important levels within the root 2 (1.4142) structure
For the sake of time we will only indicate the levels derived from the longest diagonal which is the root 5 diagonal.
This diagonal since it is the ending diagonal will cut through all the various structures within the growth progression and will identify all the primary levels from the origin to the top.
From observation we can identify that the crash was a geometric function of the 1.0 and 2.0 growth squares along the root 5 diagonal. The side where the diagonal divides the 2.0 square into areas defined the top of the crash. The side where it divides the 1.0 square defined the end or base of the crash.
The two levels are indicated with green lines
Currently, price has reached the top of this primary structure for the first time since the origin in March 2009.
A bear pin-bar candle formed on the weekly TF
March 2021 makes it exactly 144 - months cycle time from origin
Several medium term cycles converge between 26th March to 14th April 2021
With this square top boundary being a very important level, price action is currently in a very critical zone,
Please check back in next post as we try to model the next projections to expect forward
The medium term trends are even more interesting...
Thanks for your time and stay safe
On the chart is identified a 255.397 X 255.397 square structure ABCD in price action from the March 2009 low.
By dynamic growth we know that a unit square grows along its diagonal through a geometric progression of 1.4142, 1.707, 2.0 and completes at a root(5) or 2.236 growth given that the ends(vertical axis) are constant and the sides( horizontal axis) are dynamic.
So the progressions of the growth are indicated on the chart by the vertical and horizontal lines, from the base at the March 2009 low, the top band projects to 32009.3 price level where price has just touched for the first time in 12 years.
So the first growth square will be the 1 x 1.4142 structure which is 255.397(price) x 361.182(time) indicated in pink and the growth continues until the completion of the 2.236 growth. The diagonals of each growth phase is very important as it divides the structure into geometric areas from which we can derive our strongest levels.
Using the diagonals we can find the important levels within the root 2 (1.4142) structure
For the sake of time we will only indicate the levels derived from the longest diagonal which is the root 5 diagonal.
This diagonal since it is the ending diagonal will cut through all the various structures within the growth progression and will identify all the primary levels from the origin to the top.
From observation we can identify that the crash was a geometric function of the 1.0 and 2.0 growth squares along the root 5 diagonal. The side where the diagonal divides the 2.0 square into areas defined the top of the crash. The side where it divides the 1.0 square defined the end or base of the crash.
The two levels are indicated with green lines
Currently, price has reached the top of this primary structure for the first time since the origin in March 2009.
A bear pin-bar candle formed on the weekly TF
March 2021 makes it exactly 144 - months cycle time from origin
Several medium term cycles converge between 26th March to 14th April 2021
With this square top boundary being a very important level, price action is currently in a very critical zone,
Please check back in next post as we try to model the next projections to expect forward
The medium term trends are even more interesting...
Thanks for your time and stay safe
Penafian
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