As we prepare...
Price made a high at 1611.26 on 7th January and retraced sharply back to 1535.81
Price range = 1611.26 - 1535.81 = 75.45 points
If we square out this range we would have a 75 x 75 square from 8th January to 23rd March 2020
The 2nd square on price axis is from 1611.26 to 1687
1611.26 + 75.45 = 1686.72
Currently price is holding at the 1.618 price level of the 2nd square
75.45 * 0.618 = 46.63
46.63 + 1611.26 = 1657.89
Graphically, if we plot the 5 pentagonal points using this square, the apex of the 1st square is at 1650 and the 2nd square at 1727. The point on the right side or West cardinal on time axis is 15th April and price axis on 1606.81
In the 75 x 75 square we can section it into the golden ratios where we would have the 0.618 and 0.382 sections
75.45 * 0.618 = 46.63
We would draw a circle within the square with approx. 47 days as diameter from 8th January
75.45 * 0.382 = 28.82
we draw a second circle with approx. 29 days as diameter.
Now, 9th March is exactly the midpoint of the 0.382 circle, that is the point O or origin.
On 9th March or point O, price topped also exactly root 5 expansion of the square.
Root 5 is the diagonal or the radius vector of a (2 x 1) square.
root 5 = 2.236
The range, 75.45 * 2.236 = 168.7
168.7 + 1535.81 = 1704.51 ( Price topped at 1703.98)
Price topping at exactly root 5 expansion on a 0.382 midpoint was a perfect price and time geometry for a counter trend. As we approach critical dates on the time axis we are looking for a similar market symmetry for low risk entry.
The 1 x 2 Gann angle of the first square, a mid-term pentagonal axis, an axis on the main range pentagon and the outer circle of the square all intersect on 7th April on time axis
We are still watching the price reaction from today onward for entry.
Price made a high at 1611.26 on 7th January and retraced sharply back to 1535.81
Price range = 1611.26 - 1535.81 = 75.45 points
If we square out this range we would have a 75 x 75 square from 8th January to 23rd March 2020
The 2nd square on price axis is from 1611.26 to 1687
1611.26 + 75.45 = 1686.72
Currently price is holding at the 1.618 price level of the 2nd square
75.45 * 0.618 = 46.63
46.63 + 1611.26 = 1657.89
Graphically, if we plot the 5 pentagonal points using this square, the apex of the 1st square is at 1650 and the 2nd square at 1727. The point on the right side or West cardinal on time axis is 15th April and price axis on 1606.81
In the 75 x 75 square we can section it into the golden ratios where we would have the 0.618 and 0.382 sections
75.45 * 0.618 = 46.63
We would draw a circle within the square with approx. 47 days as diameter from 8th January
75.45 * 0.382 = 28.82
we draw a second circle with approx. 29 days as diameter.
Now, 9th March is exactly the midpoint of the 0.382 circle, that is the point O or origin.
On 9th March or point O, price topped also exactly root 5 expansion of the square.
Root 5 is the diagonal or the radius vector of a (2 x 1) square.
root 5 = 2.236
The range, 75.45 * 2.236 = 168.7
168.7 + 1535.81 = 1704.51 ( Price topped at 1703.98)
Price topping at exactly root 5 expansion on a 0.382 midpoint was a perfect price and time geometry for a counter trend. As we approach critical dates on the time axis we are looking for a similar market symmetry for low risk entry.
The 1 x 2 Gann angle of the first square, a mid-term pentagonal axis, an axis on the main range pentagon and the outer circle of the square all intersect on 7th April on time axis
We are still watching the price reaction from today onward for entry.