There's an amazing Fibonacci Time connection between the tops made in August 1929, August 1987, and August 2022.
The last full month of the DJI 1921 to 1929 bull market was August 1929. One-trading day later 09/03/29 was the final top.
From August 1929 to August 1987 was 696 months. August 1929 and August 1987 were the prelude to crashes.
August 1987 to August 2022 is 420 months. A ratio of 420/696 = .603 is close to the Golden Fibonacci ratio of .618.
Measured in days from top to top 09/03/29 to 08/25/87 was 21,196 days.
08/25/87 to 08/22/22 is 12,782 days. A ratio of .603.
Based on short-term analysis 08/22/22 is a potential top for the current rally. It could be the prelude to a sharp and deep decline.
The last full month of the DJI 1921 to 1929 bull market was August 1929. One-trading day later 09/03/29 was the final top.
From August 1929 to August 1987 was 696 months. August 1929 and August 1987 were the prelude to crashes.
August 1987 to August 2022 is 420 months. A ratio of 420/696 = .603 is close to the Golden Fibonacci ratio of .618.
Measured in days from top to top 09/03/29 to 08/25/87 was 21,196 days.
08/25/87 to 08/22/22 is 12,782 days. A ratio of .603.
Based on short-term analysis 08/22/22 is a potential top for the current rally. It could be the prelude to a sharp and deep decline.