Timing The Markets

RELINFRA 5min Update:

Was working well.... Went upto 570 and then reversed.... Maybe the Swing High taken by me for Projection was incorrect.... Any views.... :)
Maybe the projections should also have a T1, T2, maybe the yellow line was too long.

 

murthyavr

Well-Known Member
RELINFRA 5min Update:

Was working well.... Went upto 570 and then reversed.... Maybe the Swing High taken by me for Projection was incorrect.... Any views.... :)

Since we don't yet know the rules for drawing the TTM lines, here is one scenario
to explain how it happened:



The prior swing AB made a 61.8% retracement BC and couldn't retrace further.

The downfall started from C, the prior low B was taken out and the journey
continued smoothly through the first target 127.2% at D, 161.8% target at E,
and the final target 261.8% at F.

Reversals usually take place at 161.8% or 261.8%.
 

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