PRICE TOPPING OUT SOON (BETWEEN 628/686 LEVELS)
Price action has made two important gaps in the current bull campaign
First gap occurred between 248 and 289 price levels
Second gap between 410 and 452 levels
The gap ranges give a clue of the expanding sequence and puts the next range between 628 and 686 levels preferably as a top.
From the origin in May 2012 to the August 2021 high we made 486 weeks advance and 366.78 points between the primary low 17.55 and the high at 384.33.
The data produces a time sequence ( 0 - 486 - 658/686 - 742/765) weeks as time markers
Price sequence = (0 - +366/386 - +628/686) points.
Currently price is reaching the 600 mark and time at 648 weeks, a convergence around the 658/686 sequence for both price and time. We expect price to top within this range for a multi-year correction.
Trade safe, good luck
First gap occurred between 248 and 289 price levels
Second gap between 410 and 452 levels
The gap ranges give a clue of the expanding sequence and puts the next range between 628 and 686 levels preferably as a top.
From the origin in May 2012 to the August 2021 high we made 486 weeks advance and 366.78 points between the primary low 17.55 and the high at 384.33.
The data produces a time sequence ( 0 - 486 - 658/686 - 742/765) weeks as time markers
Price sequence = (0 - +366/386 - +628/686) points.
Currently price is reaching the 600 mark and time at 648 weeks, a convergence around the 658/686 sequence for both price and time. We expect price to top within this range for a multi-year correction.
Trade safe, good luck
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