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Hi HF, using a box size of 0.01 and reversal of 3 using high/low...

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Incongruous

93 Posts.

19/01/17

09:57

Post #: 21992240
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Originally posted by Hold Fast ↑

After doing some homework I decided to try and get my head around some point and figure work,
From what I understand, ideally stock should be completing accumulation or distribution cycle, showing SOS and tracing back to LPS, however I've just done this one for calculation purposes, hoping to complete some more that fit the bill and calculate some potential price objectives, possibly even identify some charts that have clearly completed their mark up or mark down phase and see how close price objectives and reaccumulation zone price objectives come to actual results.
Any advice or suggestions on some charts that clearly follow the Wyckoff rules are welcomed.

Cheers HF

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Hi HF, using a box size of 0.01 and reversal of 3 using high/low — I get an estimate that the effect is 0.55 as well, but that is the resistance anyway. What box and reversal are you using?
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