not drowning elliot waving raks, page-12

re: re:hi macs just chat hi Macs

without the wedge we could say the contracted area support is 2.3c which would flushout those using the wedge trendline as a stop and simplify it to expansion contraction with accumilation or distribution,,

so maybe a stop at 2.25,,

which is quite a wide % range for a day trader(no offence) unless the trader is selecting the position size via the risk spread formula,,

some interesting math,,
recent low turn 1.8 R at 2.7 = 1.8 x 1/2 + 1.8
suggested stop 2.25 = 1.8 x 1/4 + 1.8

thanks input
cheers have a good one too,,
Paul