Hi @maxi48 ... Here's is an extension to my last "Fork" chart ... going back(in reverse) to that important 4706L you mentioned. Note the 'reverse' extension of my (yellow) P1 ... straight back to the close on the 4706L day(JM line what!). Also note the 'reverse' extension of the +50% tyne of P2 ... back to the 5611.2H(day B4 your 5092.10H).
It's all about identifying the markets most correct 'vibration' ... Well, that's my interpretation of A.P.'s and Action/Reactions points/lines.
You might also be interested in the 'unfolding' 423.6%(my 323.6%) that I am keeping an eye on ... 4706.7L to 5052.1L(P3). ... See where 'my' 261.8% comes in ... even better than your 423.6%Fib as it is SMACK_ON the 5956.5H..... All ties in nicely don't you think!
Lets see how she pans out ... ATM I'm simply watching the SP reaction to those 2 x MT's on the Forks and therefore still 'neutral'.
P.S. ... All the best to you too!
Loomis Tuesday, page-28
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Last
8,212.2 |
Change
8.500(0.10%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,203.7 | 8,225.5 | 8,203.7 |
| XJO (ASX) Chart |