17 Mar, YMM1, (3, -1), Stretch, profitable reversal strategy


Hi,
Basis YMM1:
Apply 'fade the first move to -1 of (3, -1) and measure a price move three times that number.' Stretch = 35=X, 1.618% of X=56, 2.618% of X= 91 and 4.25% of X=148. During the past two months, 2.618%of the Stretch has been producing tradeable probabilities.
Previous settlement - 2.618%X = 11578 - 91 = 11487. (11451 low).

11578 - 91 = 11487.
11451 + 91 + 91 + 91 = 11744. 11737 = 17 March high.
This satisfies the (3, -1) formula, where -1 of (3, -1) is the fade.

Looks like the normal formula:
"Fade the first move and apply (3, -1) projecting the daily range," is back in play.