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 (Phi) section defining the 2020 crash low.
12.5 + (192.132 * 4) = 781.028 price level = 4/5th 4/5 = 0.8 = (1/2 * 1.618) The 4/5th division lies exactly at the midpoint of a Phi expansion of the growth process Octave of 4/5th = (4/5 * 2/1) = 8/5
We know from the chart that the 5/5 ending point is the current 2021 price high at 973.16 8/5th expansion from 5/5 means we are adding 3/5th parts to the top level 973.16 + (960.66 * 3/5) = 1549.556 price level The progression of growth then is (2/5 : 4/5 : 5/5 : 8/5)
2/5 : 4/5 : 8/5 is in a doubling progression of (2 : 4 : 8) = 0.4 : 0.8 : 1.6 The Phi progression puts the 5/5 at the Geometric midpoint of the entire growth from Origin to 8/5 2/5 : 4/5 : 5/5 : 8/5 = (0.4 : 0.8 : 1.0 : 1.6) Geometric Mean = sqrt(1.6 * 0.8) = 1.13 = 1/1 + (0.13) = current primary top.
The most important point now is, what is the harmonic point between the 4/5 and 2/5 levels to support the correction? Which timeline aligns with this support level to effect the strongest reaction? How long before the 973.16 high will break to the upside or how long will the action stay below it? Stay safe, take care and good luck....
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