The chart is based on previous structure and those ratios projected onto current structure in regards to volume and timing. Graph is in log for scale.
Key points of interested are color co-ordinated to defining matching feature. Let me know if you have any questions. Cheers :)
Key points of interested are color co-ordinated to defining matching feature. Let me know if you have any questions. Cheers :)
Comment:
I wish I had named these points differently for math sake if I could change it I would say 2017 structure would be A,B,C and 2018 as X,Y,Z
So:
B/A*X=Y
C/B*Y=Z
So:
B/A*X=Y
C/B*Y=Z
Comment:
Volume Math from base to tip of bull run
35850/5523=6.491037479630636
6.491037479630636*191=$1246 (End of wave 3 was updated on this chart from 182 to 191, changing the new peak height)
35850/5523=6.491037479630636
6.491037479630636*191=$1246 (End of wave 3 was updated on this chart from 182 to 191, changing the new peak height)
Comment:
Little update to current wave 3 height. More accurately reflects resistance at 206 level
Comment:
Red Wedge:
Comment:
Previous Red Wedge:
Comment:
Well this was an unexpected turn.. curious to see if the timeline chart will still hold true. Not optimistic there's enough time for the price to rally through the predicted structure before the timeline prediction. This would affect the next bull run max price
84/227=0.370044052863436 (wave 1 to wave 2 ratio)
0.370044052863436*370=137 (confirming ratio of current wave 1 to wave 2) 139/133=0.956834532374101 (so accuracy is off by 4.4%)
41/84=0.488095238095238
0.488095238095238*133=64.916666666666667
64.916666666666667*0.956834532374101=62.11450839328539 (just realizing my bar is off by one on this chart at 63. I did adjustments on the measuring bars after initial math.)
So that's how I got my vertical wave 3 timeline data. All of the arrow action is a copy of the previous structure and its wave 3 action, mainly the points of support and resistance from previous wave 1 and 2 it used to transition into a bull run.