S&P/ASX 200 IndexUpdated Aussie stock market - ABCD
ABCD correction of doom.
I will be looking to enter a SHORT position at the upper trend-line channel resistance between FEB-APRIL 2020.
Why FEB-APRIL 2020?
The duration to get from A-C gives us the answer....
If: A to C = 0.618 (2,191 days)
then: B to D = 1.272 (4,509 days)
The above calculation gives us D's position on approx. - 9 March 2020
I will be looking to enter a SHORT position at the upper trend-line channel resistance between FEB-APRIL 2020.
Why FEB-APRIL 2020?
The duration to get from A-C gives us the answer....
If: A to C = 0.618 (2,191 days)
then: B to D = 1.272 (4,509 days)
The above calculation gives us D's position on approx. - 9 March 2020
Note
1st target reached- 10th March 2020Note
2nd target reached - 12th March 2020
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.