LONG TERM ON GBPUSD 2

2019-11-23 03:32:31

Continuing from the previous post, we established that the 72 weeks decline has 504 total days and 360 trading days.
Any market analyst who uses pure Geometry knows the importance of 72 days or 72 weeks as the first sign of a Golden triangle time pattern.

A golden triangle has two internal adjacent angles of 72 degrees and a 36 degree opposite angle or peak angle.
The 72 weeks decline form the first internal angle which is confirmed by the 82 days double top time
82/7 = 12 weeks
12 + 72 = 84 weeks ( 84 weeks has a critical significance on time axis but I will not explain here)
But 84 * 6 = 504 weeks = 360 degree perfect circle = 72 degrees rotation

To complete the Golden triangle we would need a second 72 degrees internal angle, This is best explained graphically but I would try to make it simple.
We had the first angle forming 72 degrees leaving a remainder of 18 degrees out of 90 perpendicular angle
On the next perpendicular axis we would have 18 + 90 = 108 degrees but we need only 72
18 + 90 = 108
108 - 72 = 36 ( That means we would have a 36 degrees / weeks reverse trend cycle)
So we would need a 36 degree external angle anticlockwise or a 288 degree clockwise angle.

Th 288 angle being large normally occur on the price axis as in points advance
288/1000 = 0.288
The current low 1.1957 + 0.288 = 1.4837(The target for the bull trend) or a 36 week steady bull trend, whichever occurs first.

A golden triangle pattern also formed on Gold where price declined 80 points in 71 days, from 1346 down to 1266. It then advanced 290 points from 1266 to 1556 to complete the golden triangle pattern

So we either expect a 36 weeks bull trend : 72 + 36 = 108
180 - 108 = 72 weeks (Total angles in a triangle = 180 degrees)
OR ;
288 points advance : 72 + 288 = 360 degrees ( complete cycle with price and time alternation)

Also the primary bear trend completed in 116 weeks. 1.618 time of 116 weeks : 116 * 1.618 = 188 weeks
Already we have the trend from point X to B completing in 152 weeks
80 + 72 = 152
Then 152 out of 188 weeks leaves us with exactly 36 weeks

In gold we saw 186 points in 188 days, 80 points decline in 71 days, 290 points advance, 36 points mid cycle corrections, its all there and the geometry is always visible.
I will do a 3rd post with lower time-frame, entry levels and swing TPs at the various 17 weeks mid cycle levels, intraday trends and long term targets. Please check back.