No registration required! (Why?)

YMH1, tradeable probability, rally failure, 4.25% Stretch failed by 2.618 Stretch


Summary: 13 Dec and 14 Dec basis YMH1 low to high range was within a few points of 4.25% of the respective day's range and reversed by 2.618% of the respective day's range.
Two days, back-to-back: 13 Dec and 14 Dec basis YMH1...
13 December Basis YMH1: Stretch calculation = 23. Fibonacci ratio 4.25% of 23 = 97. Today's high: 11418 and low: 11316= 102. 11418 - 2.618% = 11358. Fibonacci ratio 2.618% of today's Stretch = 60. 11418 - 60 = 11358. Last hour decline low: 11357. 13 Dec close = 11363. 60 points divided by 97 points = Fi...bonacci ratio 0.618%. Balance and symmetry where markets defy physics.

14 December YMH1 Stretch calculation=25=X... post FOMC announcement: typical two-way range... low to high (11349-11454=105 points... 4.25% of today's Stretch (25) calculation = 106) followed by a 2.618%X (of today's Stretch=25=X) retraceal from the high, i.e., 2.618X (i.e.,65 points) reversal from the 4.25%X (low to high trading range), i.e., high print, 11454 - 65= 11389 (12:38PDT)which was followed by a bounce off that 2.618%X correction (11389) up to 11422=33 pts which is a little more than today's Stretch. But no matter, YMH11 is pulling back from that 11422 print to the last print at 11420.