Don't rush in to sell yet,
Still waiting for 1746 or 1769
The square shown on the chart is a 2 x 2 square from 16th August 2018.
As we marked 15th April to watch price symmetry, the square has 372 points in 376 days
To square out we would use 376 x 376.
1.618 on time axis = 376 * 1.618 = 608.368
608 days from the origin on 16th Aug 2018 = 15th April
On price axis the base 1160 + 608 points = 1768
At 1769 we would have a 608 x 608 square on a 1.618 time and that is a good symmetry to sell.
1747 defines the limit of the square that contains the ellipse
Points advance in the first square was 186 points in 188 days
186 * 2 = 372
188 * 2 = 376
That means for the square of 186/188 sides the circle inscribed in it has a diameter of averagely 187 points
Circumference of the circle = Cycle = Pi * Diameter
=3.142 * 187 = 587.554
587.554 Cycle points + 1160 = 1747.554
We can add entries from these two levels, 1746 and 1769
Remember to trade with a valid stop loss as the main trend has the potential to reach 1868 level
Also allow for some days from 15th up to 17th April
Still waiting for 1746 or 1769
The square shown on the chart is a 2 x 2 square from 16th August 2018.
As we marked 15th April to watch price symmetry, the square has 372 points in 376 days
To square out we would use 376 x 376.
1.618 on time axis = 376 * 1.618 = 608.368
608 days from the origin on 16th Aug 2018 = 15th April
On price axis the base 1160 + 608 points = 1768
At 1769 we would have a 608 x 608 square on a 1.618 time and that is a good symmetry to sell.
1747 defines the limit of the square that contains the ellipse
Points advance in the first square was 186 points in 188 days
186 * 2 = 372
188 * 2 = 376
That means for the square of 186/188 sides the circle inscribed in it has a diameter of averagely 187 points
Circumference of the circle = Cycle = Pi * Diameter
=3.142 * 187 = 587.554
587.554 Cycle points + 1160 = 1747.554
We can add entries from these two levels, 1746 and 1769
Remember to trade with a valid stop loss as the main trend has the potential to reach 1868 level
Also allow for some days from 15th up to 17th April