Hello trader,
welcome to my first pitch of an idea!
Since the unilever-stock, this march, had a bottom at (point A) it
moved through an ascending wedge until it passed point B.
Following the "messurement-rule" and messuring from the high B to
trendlinie 1, we get a value: 3,506 €, keeping it in mind.
After the correction following point B, the price pierces (breakout)
and closes trendline 1 at october 26th, we have found our 2nd point
to work with the "messurement-rule".
At this intersection, in between trendline 1 and the breaktout-
close we position our minded value. At about 48,40€ the price should
settle a new bottom, following "messurement-rule".
This is not an advice, it is an idea.
Did I work the "messurement-rule" correct?
I am thankful for feedbacks!
The related link show the article in german language.
welcome to my first pitch of an idea!
Since the unilever-stock, this march, had a bottom at (point A) it
moved through an ascending wedge until it passed point B.
Following the "messurement-rule" and messuring from the high B to
trendlinie 1, we get a value: 3,506 €, keeping it in mind.
After the correction following point B, the price pierces (breakout)
and closes trendline 1 at october 26th, we have found our 2nd point
to work with the "messurement-rule".
At this intersection, in between trendline 1 and the breaktout-
close we position our minded value. At about 48,40€ the price should
settle a new bottom, following "messurement-rule".
This is not an advice, it is an idea.
Did I work the "messurement-rule" correct?
I am thankful for feedbacks!
The related link show the article in german language.