BUY EVERY DIP, HOLD FOR THE NEXT 7-MONTH CYCLE UNTIL OCTOBERThere are the current turmoil by tariffs and perceived recession, yet, the cycles strongly support a further advance from the March lows until October 2025. The bottom in March 2020 formed the base for the 5 year bull cycle nested within the larger 13 year cycle.
PRICE
The 2020 crash low formed at 18213.65, the decline in 2022 formed a bottom at 28660.94. We would have a price range Low - Low of (+10447.29 pts)
(28660.94 - 18213.65) = 10447.29 units
By projection if the range between the first two bottoms is 10447.29 we would expect the third bottom connecting three expanding points to be at 1.618 of 10447.29 points from 28660.94
28660.94 + (10447.29 x 1.618) = 45564.66
This makes the current top at 45073.63 through 45564.66 level a major support whereas its also a minor resistance for some correction and we expect price to move through this level.
TIME
Time connecting the three points 23/03/2020 - 03/01/2022 - 10/10/2022 with March 2020 as starting point would give us a time count (0.0 - 651 days - 931 days).
We find that between the two bottoms the top in Jan 2022 came in at 651 days. By projection we expect the next bottom to be at least 209 weeks or 1463 days from 10/10/2022 with a top located at a Phi variation of 651.
We would project a time range 1064 - 1099 days for a top and a decline into the third bottom 1463 days from 10/10/2022 and 2394 days from 23/03/2020. Trade safe, good luck.