Gann
TO WHOM IT MAY CONCERN...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.
Dividing by 5th, 960.66 / 5 = 192.132 points
12.5 + (192.132 * 2) = 396.764 price level = 2/5th
2/5 = 0.4
Octave of 2/5th = (2/5 * 2/1) = 4/5th
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....
GJ waiting... Whats up guys, waiting for a clean break of 159.925 on the 1H and depending on the size of the break will determine if i enter on the break or wait for the retest!
However if price fakes us out with structure from the LOD i'll look for buys, all broken down in the vid!
Let me know your thoughts!
Gold Top down analysis, what can we expect? Hey guys, im loving this video recording feature on Tradingview so far, much easier to explain ideas!
So i've done a top down analysis here, from the weekly down to trades im potentially looking to trade tomorrow and what we can potentially expect with CPI tomorrow!
Let me know your thoughts in the comments, thanks guys!
Gold - First Video... Waiting....Gold - PA a little choppy, still looking for buys overall, there was a nice entry there from the demand mitigation a few hours ago on the engulfing. (I was sleeping though) but marked it for reference, Im waiting to see what price does at the HOD, if we make structure above 1875.300 i'll look to buy towards the weekly S/R, I wont be looking for any longer term sells until we break back below 1865.000, lets see what London open brings!
Let me know your thoughts!
ANALYZING THE NEXT UP CYCLELike we always say, forgive my accents, lets discuss markets from charts perspective only...
We have a monthly structure 361 X 583 being a golden rectangle
3 cycles from the origin to the 2019 axis
Check back for next discussion where where we break down the weekly and daily structures,
We would also project the expected ending point for the accumulation and next bull cycle
Take care and good luck.