NEXT IMPORTANT DROP? - S&P500I find a possible similitary in two triangles. First triangle in July and August, second triangle is rigth now in process. First triangle was for 42 days and broke out and drop. Second triangle is in process. Will be a very soon break out in this triangle? I think that is possible.
I count the number of days from deep drop (Oct 15, 2014) to the end of first triangle (August 24, 2015) there is 313 days. Then I divided 313 days/ 42 days = 7,4523
If the new triangle stay for 17 days before begin drop, then 17 days x 7.45 = 126.65 days
June 27, 2016 + 126.65 days = OCTOBER 31, 2016 (Monday) (date of the deep point of next drop)
If we divide the numbers of days between October 15, 2014 and August 24, 2015 we have:
313/126 = 2.48
If we divide the numbers of days between August 24, 2015 and June 27, 2016 we have:
308/126 = 2.44
Very similar proportion.
