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/biz/ - Business & Finance

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8806293 No.8806293 [Reply] [Original]

>> No.8806303

>>8806293
It means the cycle is complete!

>> No.8806315
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8806315

>>8806303
I don't even know.

>> No.8806320
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8806320

>>8806293
>TA

>> No.8806331
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8806331

>>8806293
>TA overdose
send help

>> No.8806373

>>8806293

It looks complicated, but it is fairly simple. On the x-axis, there is a Fibonacci time series they have drawn from the ATH to the low in February. This forms the basis for the following ratios that can be extrapolated forward in time.

At about "1.309" which is (phi^2)/2 we have seen our swing high from the recovery rally. The market has been consolidating in range after testing that lower high.

The next important swing top and chance to test the descending trend line is likely to occur around "2.618," which appears to be in mid-July.

The Ichimoku cloud provides a more zonal look at the the descending resistance than the wedge top and is used to further illustrate the area of contention in price and time.

>> No.8806421

>>8806293
none of these lines match, someone actually published this, why not use normal fibonacci?