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Target_Calculation

Page history last edited by NimblrTA 2 years, 1 month ago

Thumb Rule For D and W charts

Multiply the low of the strength candle by 1.23 to get the next target.

 

Use of fibo from low to high of the considered box can guide support / resistence or use trend based fibo tool for target

 

In Monthly Chart take the Low of the last BH>50%CH Candle and multiply by 1.618 for the next month Target. Do it as a one-time activity at the close of every Month.

 

Usage With Trend Based Fibonacci

 

Always go on Monthly to find range for targets appropriate to larger trends

 

 

Qn: Every H and L will have a range for fibo, in this case AB is Highest high and Lowest low so supreme? That means AC and DC are guiding levels

Ans: AC and DC are intermediate targets to AB's final target

 

Fibonacci usage for targets calculation can be used

 

 

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