I did lot of calculations on excel sheet for Price Time Square Analysis based on Swing Low of Feb'2016 (13407) and Swing High of Sep' 2016(20576) as well as Brexit Low (16946) and High-20576. Repeated calculations with taking Top of Sep 22, 2016 (20265) instead of Sep 7, 2016.
Some of possible/probable dates came out as follows:
Dec : 2, 6, 8, 13, 17, 18, 22, 31
Jan: 1, 5, 8, 14, 15, 18, 27, 28
Feb: 11, 18, 19, 23, 26
Mar: 6, 7, 11, 18, 29, 30, 31
There are more dates based on some other parameters. I will come to that later.
Let us focus right now on Dec.
We already saw volatile movement on Dec 2. Coming week we may see big/volatile moves as global events also lined up (Italy's referendum result on Dec 5/ RBI monetary policy announcement on Dec 7). So we may see movement from Dec 5 itself.
Dec 6 is major day as it falls on 90th calendar day from top of Sep 7 high(20576). As per Gann, 90/144 calendar/trading days from major top/bottom may see trend reversal. So let us see if some major short term level forms this week.
Also this week is important as per Gann Analysis. Gann stated 13, 17, 26, 35, 39 and 52 weeks period is important and trend reversal may happen during these periods(giving leeway of 1 week on either side). This is 13th week(Starting Dec 5) from High of Sep 7. The reversal of upmove started from low of Feb'2016 saw reversal after 26 week.
So be ready for some sharp/volatile moves and eventful week!
NB:Though I am right now calculating based on Top formed on Sep 7, 2016(20576), I have somewhere feeling that Top formed on Sep 22, 2016(20265) may give better result. I will explain that in next post.
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