Hi TANOTFA, really excited someone has been closely following my posts on this! Yes it hit that alternate target perfectly, thanks for pointing out, it saved me a follow up post to update. I'm also impressed with your very neat chart.
I've spent more effort as a student of price than time, so I don't always get timing right and have needed to adjust this one. You've got some really interesting symmetry going there though with that 87.5% time extension matching an 87.5% price retracement. I just learnt something, I'll have to look into this further.
You've also raised an interesting point about >5% fall below high has 80% prob of not coming back, if I'm interpreting that right. I haven't considered that sort of rule before.
Very interesting. Thanks.
- Forums
- ASX - By Stock
- The Big Boys
Hi TANOTFA, really excited someone has been closely following my...
-
- There are more pages in this discussion • 344 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
Add XMD (ASX) to my watchlist
(20min delay)
|
|||||
Last
10,228 |
Change
17.900(0.18%) |
Mkt cap ! n/a |
Open | High | Low |
10,210 | 10,228 | 10,135 |
Featured News
XMD (ASX) Chart |