How do you forecast your next move
This post i am posting because a Person asked me how do you calculate the Target , and its always like this , institutions when they brake any level they make an weak pull back in price action and try to challenge the brake point , when price is in weak they tend to range in small channel i have placed channel where the price has to move & confirm its move and confirm the pattern they are challenging the area of 282 , once they make an reversal near possible challenge area You can look for short selling Futures and try to hold with trailing the stop on stair step procedure (Most analyst Use)
Regarding Target the easy method to understand is where the start of previous brake down took and where it stopped , Measure that using measure tool and forecast the same with possible pull back challenge area and target becomes nearest point of Measured move , here i have tried to inform by placing an measuring tool
All of Important note is its a forecast , and your forecast should confirm the move after the forecast is made , once you start getting the confirmation then try to be in the direction of the trend , most tend to buy or sell in counter trend and take loss ,
The same is true for Upside trend , when price move up making an Impulse wave and try to pull back to retest the start of impulse usually during up trend the pull back would be 61.8% or in strong up trend it will be 50%
Last words , I think the way i write is not being accepted by Admin , He blocked me because i wrote an strong message to person who was trying to message me in quite insulting way (using personal message box)
dont expect further more education or posting form my end , I will be using this software until my (Paid) Subscription is done
Thanks for Your kind support and Good Luck
Regarding Target the easy method to understand is where the start of previous brake down took and where it stopped , Measure that using measure tool and forecast the same with possible pull back challenge area and target becomes nearest point of Measured move , here i have tried to inform by placing an measuring tool
All of Important note is its a forecast , and your forecast should confirm the move after the forecast is made , once you start getting the confirmation then try to be in the direction of the trend , most tend to buy or sell in counter trend and take loss ,
The same is true for Upside trend , when price move up making an Impulse wave and try to pull back to retest the start of impulse usually during up trend the pull back would be 61.8% or in strong up trend it will be 50%
Last words , I think the way i write is not being accepted by Admin , He blocked me because i wrote an strong message to person who was trying to message me in quite insulting way (using personal message box)
dont expect further more education or posting form my end , I will be using this software until my (Paid) Subscription is done
Thanks for Your kind support and Good Luck
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