There are 3 drops in this Symmetrical triangle measured as 9566 7182 5000.
we have hit the first drop and are working on the second drop which takes us to 7182.
- However and this is the important part, since we dropped out of the symmetrical triangle we now have a new bottom and have formed a right angled triangle with sides A B D E.
So we are actually playing in a bigger right angled triangle which now holds the smaller symmetrical triangle.
This is important because the Right angle triangle is letting us know what the future drops will be during this correction period.
The drops will be 4333 3313 and 2420 . The last value will have to be a flash crash I suspect. These values are much lower than I expected so we have to be careful in this current market.
- 'm not sure what the timeline is ( but the TD indicators show 5 more weeks of correction ) and I could be Fudging but Ive noticed the values graphed are always hit ..they are just hit out of order.
Tripple top reversal in play currently . can take us back to the 86xx zone
Theres an error here in this graph and the last drop is actually the distance down from the back of the triangle to the base which puts it at around 4700. I believe this will be the final drop at around 4700.