Thanks to a reader’s question, I see there’s an item in my last post here which needs clarification.  In that chart, the arrow next to where it says, “Projected horizontal location of end of TopFinder” is simply meant to call your attention to the that dotted vertical line’s  location horizontally.  The fact that the arrow happens to be at a vertical height of 1530 is meaningless.  1530 is not the projected price for the end of the TopFinder.

Strictly speaking, a TopFinder does not predict the price at which it will end, rather, only giving a projection as to the total cumulative volume of the uptrend once it ends, and that dotted vertical line marks the location, horizontally, of that projected end on this EquiVolume chart.  One could, though, linearly extrapolate the trend to that dotted vertical line and get a rough idea of a target price for the end, and that target is about the same as the target given by both the highest resistance curve and the 61.8% Fib level, namely, 1230.  The fact that all three of these independently calculated projections come to about the same price gives weight to their significance.

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