I should explain how my robot made this prediction as I don't like charts with no explanation. It is based on the move from 3.06 to 5.58 on the monthly chart (shown in the blue box in just 4 months). That move is taken to be 25% of the move. I have overlaid the Fibonacci levels for this move showing how the $5.58 is the 50% Fib (resistance), the TP1 ~$8 is the 76.4 fib and the TP2 ~$10.6 is the 100% fib. I prefer to close at TP1.9 as that coincides with the formation of chaos on the logistic map at 3.9 just like support = take profit -2 coincides with 0 on the logistic map (My take profits are the logistic map levels minus 2).
In the Logistic map shown here my support is the 0.0, my resistance is the 2.0, my TP1 is the 3.0 and my TP2 is the 4.0
The Logistic map gets crazy chaotic at 3.9 which is my TP1.9 and that is why I like to use TP1.9 as the most likely highest take profit (Backtesting my robot on forex has shown this to be the most profitable too.) https://youtu.be/ovJcsL7vyrk?t=932
I should explain how my robot made this prediction as I don't...
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