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15 Feb 1.618% Stretch reversal, fade Stretch


Howdy,
15 Feb A session: YMH1 reversed as a follow through lower basis 1.618% of today's Stretch (Stretch=25 and 1.618% of 25=40), i.e., the 14 Feb late B session (12:47PST) price high, 12248 - 40 = 12208. Tonight's (15 Feb early A session low) low is 12203. 12203 reversed up 26 points which is a 54% correction, if prices do correct here, 12229. This represents two reversals based on Fibonacci Stretch calculations with minimal risk projected.
Howdy,
(3, -1) basis Stretch and Fibonacci Stretch strategy 15 Feb update:
YMH1: 15 Feb Stretch = 25 = X, 1.618X=40 and 2.618X=65.

The 'fade' setup for (3, -1):
The 14 Feb (12:47PST) 12248 follow through below the settle, 12224, to the 12203 (15:08PST) low, reversed up, to the pivot point (12233) and failed 12237 (12237 = 15 Feb high).

Fading that 1st move to the pivot point, 12233, = -1 of (3, -1).

12233 - 2.618% of 15 Feb Stretch = 12233 - 65 = 12168.
12167 = 15 Feb low.
12237 - 75 = 12162. Therein lies (3, -1).
Stretch = 25... 25 x 3 = 75.... 12237 - 75 = 12162.

15 Feb trading range = 70 points.