Within any impulsive Elliott five wave pattern there's usually a relationship between waves "one" and "five"
The SPX from 2/11/16 the actual top of Minor wave "1" had a growth rate of 17.15% multiplied by .382 = a growth rate of 6.55%
Adding 6.55% to the bottom of Minor wave "4" at 2417.35 targets minor wave "5" at 2575.68 the actual high on 10/20/17 was 2575.44
The buying panic spike on 3/1/17 marks the exact nexus point for a perfect Fibonacci Golden Section from 2/11/16 that targets 10/20/17 as the termination point.
As a bonus it's 233 calendar days from 3/1/17 to 10/20/17. 233 is the 13th number in the Fibonacci sequence.
The sequence is as follows - (1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, to infinity).
This amazing combination of Fibonacci price and time coordinates implies that 10/20/17 could be a very important top.
Mark
The SPX from 2/11/16 the actual top of Minor wave "1" had a growth rate of 17.15% multiplied by .382 = a growth rate of 6.55%
Adding 6.55% to the bottom of Minor wave "4" at 2417.35 targets minor wave "5" at 2575.68 the actual high on 10/20/17 was 2575.44
The buying panic spike on 3/1/17 marks the exact nexus point for a perfect Fibonacci Golden Section from 2/11/16 that targets 10/20/17 as the termination point.
As a bonus it's 233 calendar days from 3/1/17 to 10/20/17. 233 is the 13th number in the Fibonacci sequence.
The sequence is as follows - (1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, to infinity).
This amazing combination of Fibonacci price and time coordinates implies that 10/20/17 could be a very important top.
Mark
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.