#### Aug 2015 low is important

By my count the Nov 2013 high of 1200 began a wave 4 that reached a 175 low in Aug 2015. 28 months later wave 5 peaked at 19900.

Wave counts are not the point here in this post, I only mention it to point out the connection between the Aug 2015 date and the Dec 2017 date.

#### High school geometry

I’m sure many here remember the Pythagorean theorem, which Pythagoras developed long ago as a means to compute the length of the hypotenuse of a triangle.

Price is the Y axis and time is the X axis. We can apply the Pythagorean theorem to any line drawn between any 2 points on a price chart to yield the ‘length’ of the line between those two points. We will call the length of that line “pricetime”. Make sense?

This process is simple, because the trendline tool in Tradingview’s toolbox has an option to compute pricetime using the Pythagorean theorem. (Tradingview added this feature at my request several years ago, but they opted to call the length “distance” rather than pricetime.)

#### Pricetime from 8/2015 -> 12/2017

I started with this closeup of the 175 low in Aug 2015 so that you can see clearly where the first point on the line is. It is precisely on the low of that day.

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