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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (73941)	11/15/2022 4:44:09 PM
From: Sun Tzu	Respond to of 97957

Cat, in this ES chart you see the same system at work: Message 34081375 The program calculated support and resistance levels as the areas where the lower green line and upper red line flatlined. I set the Fib endpoints to those. You main buy point should be the 1.38 extension. If you are brave/active, you will also use the minor buy point of 0.886 and deal with it actively. profit targets then map to various harmonic fib retracements. The good thing about this system is that it generates a roadmap that you can trade off of as things progress. There should be no need in trying to figure out where the X point is. It also potentially tells you if we are in a bull or bear market, but I have to do more work on that front. Let me know if the system is unclear.