YMH1, 18 Feb Stretch, (3, -1) price rotations


Howdy,
YMH1: Basis the strategy, 'fading the first move and applying the Stretch measuring objectives to the (3, -1) formula', the 18 Feb trading printed within the projected measurements.
18 Feb Stretch = 22, 1.618% of Stretch =38 and 4.25% of the 18 Feb Stretch = 102.
18 Feb range = 105. 18 Feb settled at the high of the day, 12379.
Often I'll see the first opportunity to fade the first move at 1.618% of the Stretch as a development from the last 15 minutes of trading. More often than not fading the first 1.618% of the Stretch is the best entry in this trending higher market.

Stretegy summary:

17 Feb life of contract high, 12310 - 22 = 12288.
The first test of 12310 failed 12304 in the early 18 Feb A session and printed the 18 Feb low at 12272.
12310 - 22 = 12288 ...
12288 + 22 + 22 +22 = 12354.
(3, -1) ...... (66, -22)

Therefore, 'fading the first move, i.e., (-1) of (3, -1) and offsetting that faded price move lower, projected and satisfied the (3, -1) formula.

The high (12379) is 25 points above the projected high, 12354.
The projected low, 12288, is 16 pts above the low.
The average window outside these parameters is 21.5 points.
18 Feb Stretch = 22 points. This type of symmetry is not a isolated phenomenon.