Hi gj. These levels of the ATH are very powerful, but it's just for us here on the XMD thread ok. Not many people use price levels this way. No need to spread the concept around HC too much as it will get overdone as it's so simple. You'll find it very profitable though if you apply ATH levels to your monthly analysis.
The 25%, 50%, 75% are Gann levels. Applying them and fibs to the ATH I probably picked up from gann readings, but I just found these levels important.It if works then no need to worry too much about why.
The key is that this is big picture monthly charting. I don't apply ATH levels at weekly or lower time frames. I actually don't even do daily charts at all. So don't stick them on every chart.
Just first time you look at a stock, get in the habit of starting with the monthly chart and key levels of the All Time High (assuming it has formed one) and levels of the All Time Range and see how the stock is unfolding against these. Then you can do whatever other analysis you use on lower time frames.
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Hi gj. These levels of the ATH are very powerful, but it's just...
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