KEEP BUYS FOR LONG TERM TARGET AT 6540 WITH EXTENSION TO 6779
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Price has been expanding on a growth sequence of the square root of 2 From a unit square price expands through a sequence of 1.000, 1.4142, 2.000, 2.828, 4.000... 2020 crash made a low at 2302.84, from this level we have a growth sequence following that of a unit square with variation of Phi
From the low at 2302.84 we've had three tops 3451.16, 4415.23 and 5121.71 (3451.16 - 2302.84) = 1148.32 points = (1.0) (4415.23 - 2302.84) = 2112.39 points = (2.0) (5121.71 - 2302.84) = 2818.87 points = (2.828)
Between the first two tops: (4416.23 - 3451.16) = 964.07 pts The second and third tops: (5121.71 - 4415.23) = 706.48 pts The two expansion tops combine to give us (964.07 + 706.48) = 1670.66 pts From the low we then find a growth sequence of 1148.32 and 1670.66 points with the 1670.66 side subdividing into harmonics of 964 - 706
We can then conveniently project the next top to complete at the 4.0 expansion of the unit square and 4.236 Phi function. Since we have a range between 4.0 and 4.236 this will give us the zone 6540 to 6779 to expect the next major top. Adding a time function will greatly reduce the range for a clue when to expect this top. The time measurement on the chart shows a 609, 616, 378 days between major points, next time mark should align with price at the top.
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