I am looking at an expanded from 8364 as b of the rise from 7961 as below:
With Fractals of B as :
Here T4 ofcourse has to remain above 7961.
Alternately, if the entire move from 7961-8445 was B of the fall, then targets for C will be :
This also implies that if the move dips below 8033, it qualifies as a complete corrective. Though 7779 would be desirable.
The other aspect to remember is that if this corrective is for 5933-8627, it has done the minimum required. However, if it is correcting 5118-8627, then it must go below 7812.
what do we do with this input? If 7961 is breached, then possibly 7812 is likely to go. Once that goes, 7722 could be taken as SL for an attempt to go long as close to it as possible.
Best of Luck.
| A | : | 7961 | - | 8364 | = | 403 | |||
| B | : | 8364 | - | 8066 | = | -298 | ( | -73.9454 | ) |
| C | : | 8066 | - | 8564 | = | 498 | ( | 123.5732 | ) |
| T1: | 8315.054 | , T2: | 8469 | , T3: | 8718.054 |
With Fractals of B as :
| a | : | 8364 | - | 8148 | = | -216 | |||
| b | : | 8148 | - | 8445 | = | 297 | ( | -137.5 | ) |
| c | : | 8445 | - | 8066 | = | -379 | ( | 175.463 | ) |
| T1: | 8311.512 | , T2: | 8229 | , T3: | 8095.512 | , T4: | 7879.512 |
| A | : | 8627 | - | 7961 | = | -666 | |||
| B | : | 7961 | - | 8445 | = | 484 | ( | -72.6727 | ) |
| C | : | 8445 | - | 7895 | = | -550 | ( | 82.58258 | ) |
| T1: | 8033.412 | , T2: | 7779 | , T3: | 7367.412 |
This also implies that if the move dips below 8033, it qualifies as a complete corrective. Though 7779 would be desirable.
The other aspect to remember is that if this corrective is for 5933-8627, it has done the minimum required. However, if it is correcting 5118-8627, then it must go below 7812.
what do we do with this input? If 7961 is breached, then possibly 7812 is likely to go. Once that goes, 7722 could be taken as SL for an attempt to go long as close to it as possible.
Best of Luck.
please update feb levels sir.
ReplyDeleteregds rashmi