Price decomposition phase from 2008 has maintained a well structured pattern.
The price ratios unfolding are 1.272 and 1.4472 (a square + inverse of root 5)
The only ratio not present yet is the 278 points decline which is 1.272 progression of 219 points (219 + 2pts = 221)
The 2018 - 2020 decline made 191.98 points decline which is a fractional part of the total 278 points expected.
Using the same ratio 1.4472
191.98 * 1.272 = 277.83
278 points projected vertical points to the first TP point indicated
The price ratios unfolding are 1.272 and 1.4472 (a square + inverse of root 5)
The only ratio not present yet is the 278 points decline which is 1.272 progression of 219 points (219 + 2pts = 221)
The 2018 - 2020 decline made 191.98 points decline which is a fractional part of the total 278 points expected.
Using the same ratio 1.4472
191.98 * 1.272 = 277.83
278 points projected vertical points to the first TP point indicated