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Thursday, August 13, 2020 3:44:33 AM

Re: trader53 post# 212357

Post# of 240006
OPTI - TPTW - Both Hit Calculated Targets


How Targets are Calculated

Fibonacci Numbers and Retrace Targets: Explained




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Fibonacci Numbers

http://www.stockta.com/cgi-bin/school.pl?page=fib

Fibonacci Retracements

* Golden 61.8% Retracements

* Moderate 38.2% Retracements

* Common 38.2% Retracements


Fibonacci Retracements

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:fibonacci_retracemen


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Fibonacci Numbers
are commonly used in Technical Analysis
with or without a knowledge of Elliot Wave Analysis
to determine potential support, resistance,
and price objectives.

The most popular Fibonacci Retracements are
61.8% and 38.2%



61.8% retracements
imply a new trend is establishing itself.

38.2% retracements
usually imply that the prior trend will continue

38.2% retracements
are considered natural retracements in a healthy trend.

Fibonacci Retracements
can be applied after a decline
to forecast the length of a counter-trend bounce.


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The 50% retracement is not based on a Fibonacci number.
Instead, this number stems from Dow Theory's assertion
that the Averages often retrace half their prior move.

50% retracement
implies indecision.

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Buy after an Elliott Wave 5-Wave Decline










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OPTI - Buy after an Elliott Wave 5-Wave Decline
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156562691

OPTI - Targets $0.12 / $0.16
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157358901


Embedded and Live! Charts




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TPTW - Buy after an Elliott Wave 5-Wave Decline

TPTW - Targets $0.09 / $0.12
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156972505


Embedded and Live! Charts




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