First time posting so don't beat me up too hard, just wanted to post what I saw.
There are 3 items on the chart
This chart is all on the concept of 22 or 18 being the bottom of the correction.
1. the red line, it appears there is a direct link between the 2 resistance lines measured back to the mid resistance line of the prior run. I have cloned the line and set it to this runs mid bounce to see how long until the next potential correction This could mean sideways trading for a while or a long time on the top of the next run.
2. Purple line was the last low bounce before the big run-up at the beginning of the year. I cloned this line and put it against the last 2 bounces and it's pretty close, this could resemble the correction is over and the run has begun.
3. An interesting pattern I found and I laid it out a bit on the chart, It a lot of math but the pork and beans of it are that the runs are similar to 16c intervals so that could be the next run could be for 48c or 64c.
comment any thoughts, I am not going all in yet I want to make sure the correction has completed, but a great buying opportunity.
Also, I am not an advisor, these are only ideas and commonalities in the data
There are 3 items on the chart
This chart is all on the concept of 22 or 18 being the bottom of the correction.
1. the red line, it appears there is a direct link between the 2 resistance lines measured back to the mid resistance line of the prior run. I have cloned the line and set it to this runs mid bounce to see how long until the next potential correction This could mean sideways trading for a while or a long time on the top of the next run.
2. Purple line was the last low bounce before the big run-up at the beginning of the year. I cloned this line and put it against the last 2 bounces and it's pretty close, this could resemble the correction is over and the run has begun.
3. An interesting pattern I found and I laid it out a bit on the chart, It a lot of math but the pork and beans of it are that the runs are similar to 16c intervals so that could be the next run could be for 48c or 64c.
comment any thoughts, I am not going all in yet I want to make sure the correction has completed, but a great buying opportunity.
Also, I am not an advisor, these are only ideas and commonalities in the data