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21-22 Feb, Fib Stretch reversals, 2.618%, 4.25%


Howdy,
YMH1 22 Feb price reversals basis the Fibonacci Stretch calculations:
22 Feb Stretch = 21=X, 1.618X = 33, 2.618X = 54 and 4.25X = 89.

Summary (with approximate Fibonacci Stretch ratios for summary purposes)...
Basis YMH1: trading from 21 Feb settlement, 12302,
22 Feb prices declined 1.618X, + 4.25X, to the mid-point of the 21 Feb trading range, i.e., 50% resistance of the 21 Feb trading range, and failed that mid-range resistance, i.e., 12335 (22 Feb high); whereafter YMH1 price action dropped two 4.25% of the Stretch calculation; bounced 1.618%, reversed lower, 2.618%, going into the 22 Feb close.

2/21 Feb range: 12376 -12295 = 81. Half of 81 = 40 + 12295 = mid-range of 21 Feb, i.e., resistance.
2/22 Feb high = 21 Feb mid-range = 12335.
12335 = Mid-range = resistance = 22 Feb high

22 Feb Stretch Calculation = 21 = X, 1.618X = 33, 2.618X = 54 and 4.25X = 89.
22 Feb declined 69 points from the 21 Feb settle, 12302 - 69= 12233,
12233 reversed up 102 points to the mid-range of 21 Feb at 12335 = 22 Feb high.
(12233 + 89 = 12322 ....21 x 4.25% of the Stretch = 89 = 12233 + 89 = 12322) ... 12335 = 22 Feb high.

Basis fading Stretch strategy: Recently, fading -2.618% has reversed +2.618X, every time. Today's initial bounce to the 21 Feb mid-range printed the high of 22 Feb, 12335. 21 Feb settlement, 12302
4.25% of the Stretch calculations have projected the approximate daily trading ranges.

22 Feb: 12302 - 69 points = 12233 (-2.618X) reversed higher....
12233 rallied 82 points (+4.25X = 89) to 12315 and reversed lower,...
12315 - 64 points to 12251 (-2.618X pullback), ......
12251 rallied 84 points
12251 + 84 = 12335 = the 22 Feb high and the mid-range of 21 Feb.

After the rally from 12233 to 12335, YMH1 prices dropped two 4.25% of the YMH1 Stretch price extensions to the low, 12157, before bouncing 1.618X, and then correcting lower 2.618% of the 22 Feb Stretch calculation going into the close.