Please see my SPX posts on 2/19/17 and 3/12/17
In my 2/19/17 post I noted long term Fibonacci coordinates targeting resistance at 2454.10 and 2459.30, these are derived from SPX price structures two and six years ago.
When using long term Fib points allow for leeway- close counts. More exact Fib points will be found on a time frame of one year or less. The shorter term price coordinate measuring
Minor wave 1 to 5 is nearly exact.
Time cycles have Minor wave one as equal to Minor wave 5. The supposed Minor wave 5 now counts best as a rare Expanding Diagonal Triangle.
This possible turn has the potential to be a major peak that could last for several years.
More about this in future posts.
In my 2/19/17 post I noted long term Fibonacci coordinates targeting resistance at 2454.10 and 2459.30, these are derived from SPX price structures two and six years ago.
When using long term Fib points allow for leeway- close counts. More exact Fib points will be found on a time frame of one year or less. The shorter term price coordinate measuring
Minor wave 1 to 5 is nearly exact.
Time cycles have Minor wave one as equal to Minor wave 5. The supposed Minor wave 5 now counts best as a rare Expanding Diagonal Triangle.
This possible turn has the potential to be a major peak that could last for several years.
More about this in future posts.