XYABCD - ideal V reversal Pattern: Based one the first swing size, calculate all following swings:
YA= XY * 1.618 (also could be 1.13, 1.27) AB= YA * 1.618 (also could be 0.786, 1.13,1.27) BC= AB * 0.382 (also could be 0.5, 0.618) CD1= 2.24 extension of YX (also could be 1.618) CD2= 3.16 extension of YX
If any fresh demand/supply zone is before these calculated numbers, use the fresh demand/supply as target price. if these Fib# can match the fresh demand/supply, that is the ideal target price.
This Image is for high level analysis only. it is not a detailed trading plan. Based on the prediction of this image, I accumulated long positions in several stock options. You may see my detailed trading plans in past week.
Trade closed: target reached
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Very accurate. Based on thing projection, I sold puts and long many stocks.