Updating from previous timing analysis, price respected the 0.707 time axis on 12th November and reversed on a geometric level.
Running into the 0.786 time axis on 20th November, if price would again respect this axis just like the previous timings then we can expect a medium term reversal of trend if a significant geometric level is reached on this date.
Using the same 98 points price and time square :
98 * 0.786 = 77 days
Projecting 77 days from 4th September arrives on the 20th November
Currently price is likely to move higher to complete a 36 points AB = CD alternation in the 1481/1485 zone for a reversal back down
on the time axis. Also the 1474 level is an intersection of two price axes and hence a very strong level. If it fails to break then the reversal
can start from there.
Please check next post for price levels
Running into the 0.786 time axis on 20th November, if price would again respect this axis just like the previous timings then we can expect a medium term reversal of trend if a significant geometric level is reached on this date.
Using the same 98 points price and time square :
98 * 0.786 = 77 days
Projecting 77 days from 4th September arrives on the 20th November
Currently price is likely to move higher to complete a 36 points AB = CD alternation in the 1481/1485 zone for a reversal back down
on the time axis. Also the 1474 level is an intersection of two price axes and hence a very strong level. If it fails to break then the reversal
can start from there.
Please check next post for price levels