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Beyond Fib Retracements

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FIGURE 4.11 Alternate Price Projections for Support

Most market reversals are made at one or more proportions of prior sections of the trend or correction. Don’t ask me why markets have this symmetry over and over again in all actively traded markets and all time frames. The why isn’t relevant. The fact that it happens over and over again provides the basis of the Dynamic Price Strategy where we proportion the various sections of the trend or correction, make the projections, and identify if there is a narrow-range price zone that includes at least two or three projections. The beauty of this approach is we are working with a relatively limited number of key projections and ratios which allow us to identify in advance probable support, resistance, and, best of all, trend reversal. ALTERNATE PRICE PROJECTIONS Corrective sections: 61.8%, 100%, and 162% Trend sections: 38.2%, 61.8%, and 100% Ĺ The most frequent APP of a corrective structure is the 100% APP. Be very alert if a correction

reaches a narrow-range zone that includes one of the key internal retracements and the 100% APP. Ĺ Corrective sections rarely exceed the 162% APP. Ĺ The 38.2% and 61.8% APPs for trend targets are used to project the range of multiple

sections, such as waves 1 through 3, from a Wave-4 high or low of a potential five-wave trend.

Profile for ERIC  Hunt

(wiley trading) robert c miner high probability trading strategies entry to exit tactics for the for  

(wiley trading) robert c miner high probability trading strategies entry to exit tactics for the for  

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