SOX Cycle Price Target
- SOX 18td price target is in the upper range of the target box on the Elliott wave chart
- The 261.8% Fibonacci expansion target is right inside it
BraVoCycles
Editor of Market Twists & Turns — delivering unmatched stock, crypto, commodities, and forex analysis using a unique blend of Cycles, Cycle Price Projections, Elliott Wave Theory, plus technical & sentiment tools. With 30 years in financial markets, I help you anticipate turns, ride waves, and stay ahead of the crowd. Subscribe for real-time analysis and insights. Not a financial advisor.
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How Do I Calculate Targets
Uptrend Example (Downtrend Reverse)
(A) Upside targets, 2 methods:
- Fibonacci expansions for the assumed Elliott wave structure (I think I had a lesson on that, and will try to repost it when I find it), for example, the most typical target for wave 3 is the fib expansion 1.618% of 1-2, but it could be also 1.382%, 200% and in extended 3rd waves even 2.618%
- Using the cycle price projections which have accuracy of >70% hit rate; as the trend evolves, higher and higher targets trigger, keeping us in trade. When the highest possible target is achieved, it is a sign of mature trend and apending reversal
(B) Downside targets
- It is generally premature to talk about downtrend targets before there is a clear top indication.
- Assuming a top is in place, one can use Fibonacci targets for retracements. For example, if the high was wave 3, an ideal retrace of 3 is 38.2%, but it could also be 23.6% or 50%. Ideal wave 1 retracement is 61.8%, but it could be also 50% or 78.6%.
- Once
Dr Copper Topped
Cycles warned 3-4 weeks ago about copper due for a reversal.
Seems cycles were right. Copper should struggle at least a few months.
Cycles do not lie!
