Much sooner than anticipated.
TA & math works
Initial post
Calculations:
-Neckline = $12.
-Implied PT to complete the structure: 15.48(03/31 high) - 12.00(neckline) = 3.48(height of the cup)
-12.00(neckline)-3.48(cup height) = $8.52 which is in line with a .236 retracement (8.62).
-Being more conservative and using the 03/31 closing price (14.91) instead of the high for the calculations, your PT is
12.00-2.91= $9.09.
- ~8.52-$9.09 just so happens to have been a trading range not long ago illustrated by the green lines
TA & math works
Initial post
Calculations:
-Neckline = $12.
-Implied PT to complete the structure: 15.48(03/31 high) - 12.00(neckline) = 3.48(height of the cup)
-12.00(neckline)-3.48(cup height) = $8.52 which is in line with a .236 retracement (8.62).
-Being more conservative and using the 03/31 closing price (14.91) instead of the high for the calculations, your PT is
12.00-2.91= $9.09.
- ~8.52-$9.09 just so happens to have been a trading range not long ago illustrated by the green lines
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。