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YM 17 Feb (3, -1) fade -1 Stretch, +3 Stretch


Howdy,
This fade the first move by the Stretch, i.e., projected a reversal down one Stretch to 12228, four points above the low, and also projected a price rotation up to 12300, four points below the high.
As of 12:00PST 17 Feb, the low is 12224, and the high is 12304.

YMH1: Basis (3, -1) formula application, Stretch = 24 = X ... unchanged = 12252... fade the first move => Stretch...
Fade move = -1 of (3, -1)
Unchanged - Stretch = 12252 - 24 = 12228 (17 Feb low = 12224).
12252 - 24 = 12228
12228 + 3X = 12228 + 72 = 12300
(12:00PST 17 Feb high: 12304) = 3 of (3, -1)
Therefore fading the first Stretch lower, 12252 - Stretch and reversing 3 Stretch = (3, -1).