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Matt do you mean 2518 instead of 2580? The initial measured move from 2346 was 121 points. So 121 points from 2397 would be 2518. Can you clarify?
if that's an inverse H&S then it measures to 2580ish. The 120 points was simply a 1:1 move of the initial move, where the market paused at for the last week, but has no relationship to that Inv H&S pattern
Gotcha, thanks for clarifying
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Matt do you mean 2518
Can someone remind me what happened yesterday again? ...
Posted by alvinjm27 on 4th of Jan 2019 at 10:48 am
Matt do you mean 2518 instead of 2580? The initial measured move from 2346 was 121 points. So 121 points from 2397 would be 2518. Can you clarify?
if that's an inverse H&S
Posted by matt on 4th of Jan 2019 at 10:53 am
if that's an inverse H&S then it measures to 2580ish. The 120 points was simply a 1:1 move of the initial move, where the market paused at for the last week, but has no relationship to that Inv H&S pattern
Gotcha, thanks for clarifying
Posted by alvinjm27 on 4th of Jan 2019 at 10:57 am
Gotcha, thanks for clarifying