I wrote this formula for QNT, covering short term and 4 stages of the market. my formula will cover 97% accuracy with exact decimal, I believe not many traders have the ability of being ahead of the market with exact decimal price. I never use software or any computer system I simply read data per second and connect all the data ahead of the market.
Note
QNT X RIGHT PRICES FOR WEEK 1, APRIL, 2024:$130.6
$130.90
$132.20
$134.1
$135.50
Distribution Price = $138.6
Note
QNT, lets update the prices as we have April data arrived:Accumulation Prices:
$120.30
$121.2
$121.60
$121.80
$122.50
$122.9
Distribution Price for Accumulation = $123.20
I will Revisit after mid Retest.
Note
QNT Next prices: $122.2
$122.90
$125.2
$125.6
Distribution price = $126.6, at this price it will create a bearish move again for 2 reasons, (1) fail at $126.6 to confirm a support (2) At the current retest making a wrong move again, the retest should have finished at $115.7 preferably $113.5.
However, The following prices will happen no matter what as based on quarter 1, 2024 it has made all the support.
Expect the following once the above are corrected:
$143.80
$143.90
$148.7
New Support: $150.3
$154.6
$158.70
$154.80
$165
$168.30
$172
$177.30
Distribution price: $181.2
Note
QNT: Next Prices:
$97.6
$98.1
$98.70
$99.70
Note
Archived the above lets now find the support over day 12: Following Prices will happen:
QNT:
Next Prices:
$100.8
$101
$102.3
$103
$103.7
$104.5
$105.3
$105.8, This will be a new support over day 12.
Small Break then revisit again.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.