Hello,
today I want to talk about a very important concept about predicting future moves.
We will use Feb 19, 2020 to March 23 2020 as the example.
the price went down 119-120 points.
Now if you take 119-120 days/weeks/months/ years, you will see an important time frame to watch for trend reversal. the longer the time frame the more important the trend change.
119-120 weeks from March 23,2020 puts us at 07/05/22 - 07/11/22 as a time to watch for a change in trend that should at the least last 3 weeks, maybe even longer into sept/oct when another cycle ends.
another example is sept 17 2018 top to dec 17 2018 bottom was 60 points. 60 weeks later gave us feb 19 2022, and i think you remember what happened next.....
*** no, it is not a coincidence that the next move down was 200% of the first, but that is a topic for another day.
*** this is no different than using the 45-degree angle to see when time and price equal except we are going in reverse....
bias: i am long on equities.
p.s. i have seen people teach this technique for thousands and thousands of dollars. if you find it useful and opens something in your mind then I will have been repaid.
God bless you in this journey called life.
today I want to talk about a very important concept about predicting future moves.
We will use Feb 19, 2020 to March 23 2020 as the example.
the price went down 119-120 points.
Now if you take 119-120 days/weeks/months/ years, you will see an important time frame to watch for trend reversal. the longer the time frame the more important the trend change.
119-120 weeks from March 23,2020 puts us at 07/05/22 - 07/11/22 as a time to watch for a change in trend that should at the least last 3 weeks, maybe even longer into sept/oct when another cycle ends.
another example is sept 17 2018 top to dec 17 2018 bottom was 60 points. 60 weeks later gave us feb 19 2022, and i think you remember what happened next.....
*** no, it is not a coincidence that the next move down was 200% of the first, but that is a topic for another day.
*** this is no different than using the 45-degree angle to see when time and price equal except we are going in reverse....
bias: i am long on equities.
p.s. i have seen people teach this technique for thousands and thousands of dollars. if you find it useful and opens something in your mind then I will have been repaid.
God bless you in this journey called life.