This analysis is based on price and time expansion. We have three time points defining an alternate time relationship for (top-to-top) or (top to bottom) This time expansion alternating between tops and bottoms also puts the next point on 26th August 2024 weekly candle. We also have a time projection on 10th June 2024 weekly candle(+/-1) where we expect markets to top. That gives us a timezone between 10th June to 26th August 2024 to expect a heavy market reaction. The two indicated times 965 and 685 days have a Phi relation of 3 : 2 341.2 x 1.4142 x 1.4142 = (341.2 x 2) = 682.39 units 341.2 x 1.4142 x 1.4142 x 1.4142 = (341.2 x 2(Root 2)) = 965.03 units
To narrow the time zone down we will need to align that with price expansion. The current cycle unfolding is the ending part of the 20-year cycle with its origin at the 07/10/2002 bottom. Considering the March 2009 bottom as the actual low of this cycle we would expect a 4669.47 points advance from 666.79 to complete a Phi³ price expansion, where Phi = 5/3 = 1.667 and unit value = 1008 units. That is: 666.79 + (1008 x 1.667³) = 5336.26 Current top = 5341.88 = 5336.28 + (5.6 pts)
The progression of the Phi Expansion from 666.79 price level: 666.79 + (1008 x 3/2) = 2178.79 666.79 + (1008 x 1.667) = 2347.13
Second Phi Expansion 666.79 + (1008 x 1.667²) = 3467.91
Third Phi Expansion 666.79 + (1008 x 1.667³) = 5336.26
The progression of tops and bottoms furnish us with two projections 1. Since the Phi points are all bottoms, price can advance about 1540 points off 5336.26 and the correction that will follow will rather end at 5336.26. That will put the top at (5336.26 + 1540) = 6876.26 price level. This top has no relation to the two projected dates on the chat.
2. Cycle expansions usually terminate at cubic Phi progression, that is (Unity x Phi³). So the third expansion will actually be a mid-cycle top which will effect a minor correction.The base of this correction will be the bottom for an advance towards 6876.26 level
From the above, any short entries should have tight stop levels Please check back as we break the analysis further down to the daily and hourly sub cycles. Trade safe, goodluck
Nota
Good Day So considering projection 1 to be the most prevailing probability we would have price expanding (+1540 points) off the third Phi level at 5336.23. A 1540 points expansion has progression (140 - 221 - 364 - 588 - 952 - 1540). This additive progression are the subdivision levels between 5336.26 and the projected top at 6876.26.
We have seen a common variation of 588 and 952 being 686 and 965 respectively in a ratio of 2 : 3. This gives another scale of +686 and +965.
These are the two major subdivisions within the 1540 points range to the projected top with first confluence zone at (5924.26 - 6022.26) and second at (6288.26 - 6301.26). The other minor levels on the spiral are: 5336.26 + 140 = 5476.26+ 5336.26 + 221 = 5557.26+ 5336.26 + 342/364 = 5678.26/5700.26+ 5336.26 + 775 = 6111.26 +/-
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