Hi everybody,
this can be easily sorted to Beyond Technical analysis category.
There is no philosophical background behind this idea, I just played with fibs time zones a little and all past tops pretty fits.
This may be just huge coincidence, but let indicators talk:
MACD: golden cross - bullish
MACD: histogram buy signal
STOCH : buy signal
(dotted lines/gray stripes are daily chart resistances)
Realize that this is 1W chart and If trend remains, next top by fib time zone would be at 02/2020.
This is not a financial advice, do your own research.
this can be easily sorted to Beyond Technical analysis category.
There is no philosophical background behind this idea, I just played with fibs time zones a little and all past tops pretty fits.
This may be just huge coincidence, but let indicators talk:
MACD: golden cross - bullish
MACD: histogram buy signal
STOCH : buy signal
(dotted lines/gray stripes are daily chart resistances)
Realize that this is 1W chart and If trend remains, next top by fib time zone would be at 02/2020.
This is not a financial advice, do your own research.