Aussie stock market - ABCD
Updated
ABCD correction of doom.
I will be looking to enter a SHORT position at the upper trend-line channel resistance between FEB-APRIL 2020.
Why FEB-APRIL 2020?
The duration to get from A-C gives us the answer....
If: A to C = 0.618 (2,191 days)
then: B to D = 1.272 (4,509 days)
The above calculation gives us D's position on approx. - 9 March 2020
I will be looking to enter a SHORT position at the upper trend-line channel resistance between FEB-APRIL 2020.
Why FEB-APRIL 2020?
The duration to get from A-C gives us the answer....
If: A to C = 0.618 (2,191 days)
then: B to D = 1.272 (4,509 days)
The above calculation gives us D's position on approx. - 9 March 2020
Note
1st target reached- 10th March 2020Note
2nd target reached - 12th March 2020
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