Friday, April 28, 2017 7:54:04 AM
Nicely done Tom. I like how the chart is constructed.
If we add and line up the VbP bars and extend a line from the top and bottom of the next longest bar how it lines up with the pivots will show the most likely targets. That will combine market structure with fib targets for highest probability. It is interesting how the price lows (and conversely price highs) line up with fibs and VbP bars for further target validation.
I think this helps explain why one can be off a few cents with stink bids etc. Which # the bot is using we will never know for sure unless they use one consistently. I have never plotted for that consistency. It could be random programming or even stock by stock. Too much for this old brain. haha
Some thoughts that have been bouncing in my grey empty space.
If we add and line up the VbP bars and extend a line from the top and bottom of the next longest bar how it lines up with the pivots will show the most likely targets. That will combine market structure with fib targets for highest probability. It is interesting how the price lows (and conversely price highs) line up with fibs and VbP bars for further target validation.
I think this helps explain why one can be off a few cents with stink bids etc. Which # the bot is using we will never know for sure unless they use one consistently. I have never plotted for that consistency. It could be random programming or even stock by stock. Too much for this old brain. haha
Some thoughts that have been bouncing in my grey empty space.
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