dax 4H chart
Square root theory
Square root lvls calculated were price and time meet.
the low 12800 / 1000 =12.8
To calculate time square root of 12.8 = 3.57
for exp. 3.57+1 = 4.57
4.57² =20.8 = 21bars at that point we had a low
+2 a new high
+3 another high
so +5 we know the time around 26feb
since we have an ascending triangle Dax could go up first to 14K (next sqrt lvl)
Orange horizontal lines gives you the price square root levels calculated from 10275.
Square root lvls calculated were price and time meet.
the low 12800 / 1000 =12.8
To calculate time square root of 12.8 = 3.57
for exp. 3.57+1 = 4.57
4.57² =20.8 = 21bars at that point we had a low
+2 a new high
+3 another high
so +5 we know the time around 26feb
since we have an ascending triangle Dax could go up first to 14K (next sqrt lvl)
Orange horizontal lines gives you the price square root levels calculated from 10275.
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