FTMUSDT: 1.618 - 2.618 Coming Bullrun TargetsThe price has gone through the Rectangle and has been oscillating there for some 1,400 Days.
Why Oscillation Matters for equities?
1. Oscillation at the Top of a Price Chart's major Pivot, means that there is not enough Resources to cause the price soar;
2. Oscillation at the bottom of a Price Chart's minor Pivot, can be interpreted as burnout of the Sellers. As a result, consolidation comes to an end implicating that accumulation is going on.
3. At the bottom, when Price succeeds at breaking up above the higher limit of the Rectangle, we could assume that the 1st Hook is emerged - meaning that an important Higher Low or Change of Character has happened.
4. Following the 1st hook, a Break of Structure could be a vivid evidence of highly potential coming rally called the 2nd Hook.
5. At the top, when Price starts to break down through the Lower Limit of the Rectangle, it is indicating that the rally is actually over and a Lower High following several Oscillation there is contingent.
Markets are just like dissolving sugar or salt into water. You are just required to find the potential amount of the dissolving salt during bullruns and the saturation BY the end of any rally.
From the bottom of the thick Green Rectangle on the chart toward the top of the price chart an extension fib has been plotted to indicate important future possibilities at 1.618 toward 2.618 respectively 6 - 8 USDs.
Do not get emotional and take control of your mind while the market is green.
Check on Sentiment Analyses to see the equites ecosystems' subtleties/anomalies.
DYOR.
Regards,
Morteza Emzajerdi
