Some FF members were interested in how I calculate price projection using the flag pattern.
See attached word document for details.......
See attached word document for details.......
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- First Post: Sep 27, 2006 2:26pm Sep 27, 2006 2:26pm
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- | Membership Revoked | Joined Oct 2005 | 295 Posts
Thanks. If you used the Absolute Fibonacci Framework, you'd find that the areas of consolidation are either between lines on one fractal, or between strong barriers on different fractals. The length of the subsequent move is then governed by the dominating fractal.
The attached sample shows one fractal that is dominating. The specific points where they don't hit on this one during the intermediary moves are on smaller fractals.
I hope this isn't too confusing!
The attached sample shows one fractal that is dominating. The specific points where they don't hit on this one during the intermediary moves are on smaller fractals.
I hope this isn't too confusing!
The framework is there; we just have to work on our frame of mind.