Long to the Square Completion (500% Gain)
XOP Minor Wave [AB]: sqrt(16^2+16.02^2)
1. Possible End of Down Trend at Previous Thursday Low: sqrt(16^2+16.02^2)*((32.732+.4142+.382)/4) = 190 days (9/25/2020)
2. Possible minor high on next Wednesday: sqrt(16^2+16.02^2)*((33.732+.4142+.382)/4) = 195 days (9/30/2020)
3. The descending wedge pattern is getting tight and it's becoming riskier to short Gush component companies that reflect the same pattern. There is maybe one more decent possible short before a breakout to the upside of the wedge.
XOP Major Wave[CD]: sqrt((82^2)+(42.66^2)) = 92.43 Normal Days or 64 Trading Days
1. The Equation Defines Price Range and Time Range of an 8*8 square made up of 64 composite squares.
2. XOP Price can reach 92.43 to complete square.
3. We can use this price to find the possible time frame of the squaring event.
Price-Time mean vector ratio of AB, BC, and CD = 0.333
1. Possible Time to Square Completion: 92.43/0.333 = 278 normal days or 193 trading days.
2. Adding XOP's original price (29.52) and new price (92.43) equals approximately $122, or 2.236 fib price retracement.
3. GUSH's equivalent 2.236 fib price retracement is $134.76; although, I would shoot a couple points lower at around $132.
Other Notes: It's Possible that a very large, half-year long Inverse Head and Shoulders Pattern is forming. In this sense, it's probably more believable and likely that this would put the square completion somewhere around the middle or end of the fourth square in this analysis, instead of where my calculation predicts. If it were to land at the end, this would be exactly 1-year from XOP's all-time-low this last March. Furthermore, to assuage an questions, please bear in mind that the squares in this analysis do not line-up with price because it this analysis is a transcription of XOP data over to a GUSH graph.
This is just an idea and not trading advice. Good luck and good trading!
1. Possible End of Down Trend at Previous Thursday Low: sqrt(16^2+16.02^2)*((32.732+.4142+.382)/4) = 190 days (9/25/2020)
2. Possible minor high on next Wednesday: sqrt(16^2+16.02^2)*((33.732+.4142+.382)/4) = 195 days (9/30/2020)
3. The descending wedge pattern is getting tight and it's becoming riskier to short Gush component companies that reflect the same pattern. There is maybe one more decent possible short before a breakout to the upside of the wedge.
XOP Major Wave[CD]: sqrt((82^2)+(42.66^2)) = 92.43 Normal Days or 64 Trading Days
1. The Equation Defines Price Range and Time Range of an 8*8 square made up of 64 composite squares.
2. XOP Price can reach 92.43 to complete square.
3. We can use this price to find the possible time frame of the squaring event.
Price-Time mean vector ratio of AB, BC, and CD = 0.333
1. Possible Time to Square Completion: 92.43/0.333 = 278 normal days or 193 trading days.
2. Adding XOP's original price (29.52) and new price (92.43) equals approximately $122, or 2.236 fib price retracement.
3. GUSH's equivalent 2.236 fib price retracement is $134.76; although, I would shoot a couple points lower at around $132.
Other Notes: It's Possible that a very large, half-year long Inverse Head and Shoulders Pattern is forming. In this sense, it's probably more believable and likely that this would put the square completion somewhere around the middle or end of the fourth square in this analysis, instead of where my calculation predicts. If it were to land at the end, this would be exactly 1-year from XOP's all-time-low this last March. Furthermore, to assuage an questions, please bear in mind that the squares in this analysis do not line-up with price because it this analysis is a transcription of XOP data over to a GUSH graph.
This is just an idea and not trading advice. Good luck and good trading!
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