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# YMZ1, (3, -1) Fib of Stretch, 17 Oct, 13 Oct and 6 Oct

Thanks for the www.mypivots platform Guy,
Basis YMZ1 (Dec \$5 Dow) faded the firrst move (up)... Stretch (64) + previous settlement = short strategy = 11566 + 64 = 11630 (11629 short YMZ1) risked up to 1.618% of the (and 7 pts above 11669, i.e., 11676) Stretch calculation from the previous settlement, 11566. Price measurement objective faded 1st Stretch (64 pts) price move from 10566... 11566+64=11630 (11658 = high), i.e., fade= (-1) of (3, -1) formula target 11477. 11418= low.11566 +64= fade@ 11630=(-1); (3) of (3,-1) = 11669-64-64-64=11477. Fyi: Basis trading from unchanged and fading 1.618% of the Stretch 11566 + 103 = 11669 - 103 - 103 - 103 = 11360. 11337 = low as of 11:37PDT. I'm now looking for a low at these levels where I will fade the trending lower, i.e., (-1) of the (3, -1) formula.

This is a follow up demonstrating how the (3, -1) formula prints price measurements, giving further reason why you may want to consider how the (3, -1) formula may apply to intra-day trading e-mini \$5 Dow futures, e.g., in a short term inter-day trending market.
‎13 October: The (3, -1) YMZ1 (December \$5 Dow) .... Trading from the open (not unchanged) ... 11422... 11422 + (0.618% of the Stretch calculation) = 11422 + (40) = 11462. 11476 = the high. 11476 - 40 - 40 - 40 = 11342. 11312 = low. The (3, -1) formula price action is printing price measurements again. ;-)

The 6 October e-mini \$5 Dow futures Stretch calculation (87) ... times 0.618 = 53. The 5 October close was 10838. 10838 - 53 = 10785. 10787 was the 6 October low. This is how I apply fading the first move and measuring a price objective of three times that initial price move (decline in this case) from the open, i.e., (3, -1) where (-1) equals the 'Y' axis in the (X, -Y) formula. By applying the Stretch calculation from that low, i.e., 10787, ... 10787 + 87 + 87 + 87 = 11048... 11065 was the 6 October high.
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