AKE Chart, page-281

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akgo01

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22/12/21

12:43

Post #: 58460459
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Originally posted by Darkstone: ↑

Using the last daily flag as the basis for analysis, I get (3rd fib column from the right):

The last two fib rainbows are my currently expected retrace waves, the third gives most of thew horizontal red lines which are the targets based off that flag.

So: 930, 963, 996, 1013 and 1065'ish. Each of these points should have a minor retrace based on that flag. For that flag to be a strong basis for projection we need the recovery to start after it on the next pole (ie. the current pole we are in). W then modify this based on the actual outcomes, so the current retrace (assuming that's what we are seeing today) started at 935, rather than 930, so that flag would become the stronger predictor for the next point, and so on. The most recent data carries a heavier weight in the near term than the older data, but its reliability extends for an equivalently short time.

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Darkstone,

I would like to ask you some questions if I may. You don't have to answer them if for any reason you are not comfortable to answer.

I get the impression that you only trade AKE. Is that right? If yes, why only AKE? And why don't you trade for example PLS which has a much bigger daily volume than AKE? I read that the bigger the volume the better it is for trading. Thanks

AKE Price at posting: $9.29 Sentiment: None Disclosure: Held
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AKE Chart, page-281

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