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Wyckoff trading method, page-1795

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gypaetus

1,270 Posts.

21/04/17

00:54

Post #: 24181884
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Originally posted by Incongruous ↑

The calculation is a rough idea about the price potential (effect) based on the cause, or sideways build up. More a risk/reward management guess-timate. The first of Wyckoff's nine buying or selling tests for achieving a price objective. Definitely not predictive of any price action.

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So the green line is a target for the effort expended? If price continues to breach the green line you're getting extra reward for the same effort, but if it doesn't you're expending too much effort for too little reward?
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