A very informative and extremely helpful HC poster who’s name starts with R and ends with 7 b’s made a statement on the popular weekend charting thread that made me start to think. “BHP is very good on day counts and square of 9, It loves multiples of 4”
As a result I have spent many an hour pouring over the BHP chart looking for time lines and trends that met this criterion in a quest to try and educate myself rather than just ask the simple questions.
I may be going mad but what I found was uncanny !
Using the square of 9 (81) as a time interval I found the following sequence using the Nov 21st low as a starting point. The next date falling on May 2nd.
The fib extensions and retracement of the last 6 highs and lows all fall on or around 112% and you guessed it a multiple of 4 (28x4=112)
I do not believe for a moment that I have stumbled onto the holly grail or how Robs mind works for that matter but the alignments have just blown me away. If you project the speed angle of the last two down legs from the most recent high it also intersects with the 112% and 2nd May
May 02 – 112% @ $25.67 ??????????
MDP
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$44.74 |
Change
1.380(3.18%) |
Mkt cap ! $227.0B |
Open | High | Low | Value | Volume |
$44.35 | $44.86 | $44.27 | $675.0M | 15.16M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 60000 | $44.71 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$44.75 | 3245 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500 | 44.700 |
1 | 2 | 44.690 |
1 | 12 | 44.640 |
1 | 500 | 44.590 |
1 | 1100 | 44.580 |
Price($) | Vol. | No. |
---|---|---|
44.750 | 2000 | 3 |
44.760 | 143 | 1 |
44.780 | 2250 | 2 |
44.790 | 996 | 2 |
44.800 | 7886 | 13 |
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