The New CS Board

[dindindon]

RE: keepsinvesting - calculate local retracements

The recent local high is 2020.86 (09/17)
Assume the local low (intraday low) is XYZ
The bounce use standard retracement is:
= XYZ + (2020.86-XYZ) * Ratios

assume session low is 1894.78 (=XYZ)
where: 1894.78 = { 0.7640, [2134.72, 1820.66] }
constraints: subjects to pattern aspect, trend-lines, moving averages.
at this writing, session low is 1896.67.

1924.53 0.2360 minimum bounce
1935.58 0.3236
1942.94 0.3820
1945.78 0.4045
1951.07 0.4465
1957.82 0.5000
1965.01 0.5570
1972.70 0.6180
1983.92 0.7070
1991.11 0.7640
1993.88 0.7860
2003.97 0.8660
2020.86 1.0000

discussion:
Tuesday, 09/08/15 08:50:01 PM
link
since Bull has gained some "positive score", to be short term bearish, the pivot moves down to around 1894.78, some technicians say 1890. not much difference.