Descending Wedge Breakout and Next Wave Top Dates
If XOP's support at the bold red line holds, then there will be a breakout to the upside any time from tomorrow to next Monday. If XOP's support at the bold red line breaks, then there will be a breakout to the upside around 12 - 14 days from now. Furthermore, a breakout to the upside could lead an incoming rally with a golden cross in about half a month to a month. This situation would key out an extremely rare case, by bullishly breaking through the upside of the large bearish symmetric that has formed. The bearish symmetric is indicated by the large bold blue lines in the graph.
XOP Possible Next Major Wave : sqrt((82^2)+(42.66^2))((4.732+.4142)/4) = 238 normal days (164 Trading Days)
XOP Intermediate Wave Confirmation of Major Wave Top : sqrt((43^2)+(26.35^2))*((37.732+.4142)/8) = 240 normal days (166 Trading Days)
XOP Minor Wave Confirmation of Major Wave Top : sqrt((16^2)+(16.02^2))*(41.732+.4142)/4) = 238 normal days or (164 Trading Days)
Mean Time to Wave Top: 239 normal days (165 Trading Days)
Mode Time to Wave Top: 238 normal Days (164 Trading Days)
Predicted Time - Current Time = Expected Wave Top Date: 238 - 195 = 43 normal days (Approximately 30 Trading Days)
Date: 11/12/2020 - 11/13/2020 (November)
XOP Possible Next Major Wave : sqrt((82^2)+(42.66^2))((4.732+.4142)/4) = 238 normal days (164 Trading Days)
XOP Intermediate Wave Confirmation of Major Wave Top : sqrt((43^2)+(26.35^2))*((37.732+.4142)/8) = 240 normal days (166 Trading Days)
XOP Minor Wave Confirmation of Major Wave Top : sqrt((16^2)+(16.02^2))*(41.732+.4142)/4) = 238 normal days or (164 Trading Days)
Mean Time to Wave Top: 239 normal days (165 Trading Days)
Mode Time to Wave Top: 238 normal Days (164 Trading Days)
Predicted Time - Current Time = Expected Wave Top Date: 238 - 195 = 43 normal days (Approximately 30 Trading Days)
Date: 11/12/2020 - 11/13/2020 (November)
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