Support Board
Date/Time: Fri, 27 Dec 2024 09:02:33 +0000
Post From: RETRACEMENTS
| [2015-12-17 08:54:58] |
| User41636 - Posts: 35 |
|
Can I draw retracements in excess of 100%? Specifically, 127.2%? Am interested only in 127.2%. EXAMPLE: Starting at point A, prices decline to point B. Then at point B, prices reverse to the upside and rise back above point A up to point C. I want to take 127.2% of the (absolute) difference between A and B, and add the result to the price at point B to arrive at a value for point C. OR: Starting at point D, prices rise to point E. Then at point E, prices reverse to the downside and drop back below point D down to point F. I want to take 127.2% of the (absolute) difference between D and E, and subtract the result from the price at point E to arrive at a value for point F. |