Interesting how the Gann circle numbers are dictating the play.See how it moved from 540 to 720 =,180 points and reversed after 18 weeks,then declined from 720 to 600,120 points in 12 weeks.
The current 180 point range is 30 weeks old so it may require another 6 weeks before a reversal unfolds ? ( If we advance much higher this calculation would not be relevant obviously.) Also, we are 68 weeks from the low so I would watch 72 weeks,especially if the price range was around 2880 .In other words mid to late February may be an important time period. If price does continue to advance the major ranges are equal at 8149 ,close to the all time high .We are also monitoring the Death Zone cycles pointed out at the weekend.Worth remembering the trend is up,above the 2x1 and we have crossed old tops
The current 180 point range is 30 weeks old so it may require another 6 weeks before a reversal unfolds ? ( If we advance much higher this calculation would not be relevant obviously.) Also, we are 68 weeks from the low so I would watch 72 weeks,especially if the price range was around 2880 .In other words mid to late February may be an important time period. If price does continue to advance the major ranges are equal at 8149 ,close to the all time high .We are also monitoring the Death Zone cycles pointed out at the weekend.Worth remembering the trend is up,above the 2x1 and we have crossed old tops
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