Price projection based on sequential proportional time cycles
The time it took to reclaim each of the major horizontals after dropping below is proportionally the exact same number of days (53% of the first part).
The two corrective patterns aren't exactly the same, but it seems they are both ending with a fairly rounded bottom formation after spending time grinding on top of those major horizontals.
The price projection of $16,680 is using the same logic, but on the y-axis.
The two corrective patterns aren't exactly the same, but it seems they are both ending with a fairly rounded bottom formation after spending time grinding on top of those major horizontals.
The price projection of $16,680 is using the same logic, but on the y-axis.