Accenture is one of the stocks that tracks a replica of the DJIA structure
The price-time magnitudes show two wave XS and SV having a ratio of 1.618 : 1
Both points on 08/2015 and 12/2021 are nodal points within the current 17-year cycle.
The progression of the two ratios provides a range within which we can model the magnitude of the corrective wave
The immediate swing is SV = 456.326 units, this is a lunar cycle magnitude when expressed as a function of the Fibonacci sequence.
The 13th item on the Fib series is 233 units (F13)
29.53 * sq.root(233) = 450.75 units (with extra 5 units approximately)
(F10) = 29.53 * sq.root(55) = 219 units
Ratio of F13 to F10 = (F13 / F10) = 450.75/219 = 2.058
If we use the same 2.058 ratio for 456.326 then we have (456.326/2.058) = 221.732 units
The exact 50% correction = 456.326/2 = 228.163 units
So we have a range between 219 to 228 units to complete 50 percent correction of wave SV.
The upper limit is 228 units, a square 228 X 228 is drawn with the curve MN along which the 228 magnitude completes.
Anywhere along this curve where price touches completes the 228 magnitude extreme.
The current correction angle is almost vertical and if the correction follows a constant angle then it puts the time axis for the end of this correction between 20th March 2023 to 27th March 2023
That puts the price low at 198.37 price level
Trade safe, take care and good luck.
The price-time magnitudes show two wave XS and SV having a ratio of 1.618 : 1
Both points on 08/2015 and 12/2021 are nodal points within the current 17-year cycle.
The progression of the two ratios provides a range within which we can model the magnitude of the corrective wave
The immediate swing is SV = 456.326 units, this is a lunar cycle magnitude when expressed as a function of the Fibonacci sequence.
The 13th item on the Fib series is 233 units (F13)
29.53 * sq.root(233) = 450.75 units (with extra 5 units approximately)
(F10) = 29.53 * sq.root(55) = 219 units
Ratio of F13 to F10 = (F13 / F10) = 450.75/219 = 2.058
If we use the same 2.058 ratio for 456.326 then we have (456.326/2.058) = 221.732 units
The exact 50% correction = 456.326/2 = 228.163 units
So we have a range between 219 to 228 units to complete 50 percent correction of wave SV.
The upper limit is 228 units, a square 228 X 228 is drawn with the curve MN along which the 228 magnitude completes.
Anywhere along this curve where price touches completes the 228 magnitude extreme.
The current correction angle is almost vertical and if the correction follows a constant angle then it puts the time axis for the end of this correction between 20th March 2023 to 27th March 2023
That puts the price low at 198.37 price level
Trade safe, take care and good luck.