It's a secret. We hope you'll just use this tool before everybody else does. :)
The Projection tool predicts a price reversal, based on three successive extremes. Click on a low,high,low or high,low,high. Call those points A, B, C. The Projection tool will draw lines above or below C, at percentages of the price distance between A and B. Common percentages are 100, 78.6, 127, and the usual Fibonacci suspects.
EW is "Elliott Wave", a maybe complex theory in which Fibonacci ratios play a role.
If you like this, please stay tuned. And be sure to visit pae's poll on Yahoo QCharts group, and cast a vote in favor of QCharts 4.2.
Have a nice weekend, and think up feature improvements. |
