Based on the previous cycle:
I took a length from the top of the previous cycle (Top of 2017) to the following bottom 2018 (which makes a rounded bottom) ... the following top (top of 2021) was 3 of that length ...
Applying the same reasoning for this cycle:
I took the top of 2021 to the bottom of 2022 ==> the next top should be 3 times of this length ... reaching $230,000
I guess it is very useful if we also consider the top of 2013 and the following bottom ..
I took a length from the top of the previous cycle (Top of 2017) to the following bottom 2018 (which makes a rounded bottom) ... the following top (top of 2021) was 3 of that length ...
Applying the same reasoning for this cycle:
I took the top of 2021 to the bottom of 2022 ==> the next top should be 3 times of this length ... reaching $230,000
I guess it is very useful if we also consider the top of 2013 and the following bottom ..