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Ketayun,
the target price calculated is the high of point H which is 42.75
root squared then minus 1 then resquared equal 30.67
(root square of 42.75-1)^2=30.67
0.50 represent 90 degree
1 represent 180 degree
1.5 represent 270 degree
2 represent 360 degree
This formula basically replace square of 9, so price 30.67 located
180 degree in relation to 42.75
I hope this answer your question.
Regards,
Haytham
--- In realtraders@xxxx, Ketayun <ketayun@xxxx> wrote:
> Haytham,
>
> First thanks for posting the detailed price/time analysis of BEAS.
While
> comparing the commentary with the gif., but could you please clarify
> which angle (straight line?) is the 180 degrees that you are
referring
> to? Also are you saying the price should drop back to $30.00 before
> reversing? Is that the 180 degree you are referring to?
>
> Looking forward to learning more,
>
> Good Trading,
>
> Ketayun
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