On the chart I include the formula and a example of how to get shirt term price targets using the retrace theory.
Basic retracement theory
(B-A)+C
(130.77-128.71)+129.94=$132
the low = A
the retrace high = B
current retracement low = C
Trend Strength Maximum Retracements Upside Targets (downside targets are inverse)
Very Strong
-14.6% to 23.7%
A to B added to C
Easily exceed B
-Strong
38.2%
A to B added to C
Easily exceed B
-Medium Strong
38.2% to 50%
80% of A to B added to C
Should Easily exceed B
-Medium
50%
80% of A to B added to C
Should Easily exceed B
-Medium Weak
61.8% to 50%
80% of A to B added to C
Possibly exceed B
-Weak
61.8%
80% of A to B added to C
Possibly exceed B
-Very Weak
85.4%to 76.3%
80% of A to B added to C
Probably will not exceed B
Basic retracement theory
(B-A)+C
(130.77-128.71)+129.94=$132
the low = A
the retrace high = B
current retracement low = C
Trend Strength Maximum Retracements Upside Targets (downside targets are inverse)
Very Strong
-14.6% to 23.7%
A to B added to C
Easily exceed B
-Strong
38.2%
A to B added to C
Easily exceed B
-Medium Strong
38.2% to 50%
80% of A to B added to C
Should Easily exceed B
-Medium
50%
80% of A to B added to C
Should Easily exceed B
-Medium Weak
61.8% to 50%
80% of A to B added to C
Possibly exceed B
-Weak
61.8%
80% of A to B added to C
Possibly exceed B
-Very Weak
85.4%to 76.3%
80% of A to B added to C
Probably will not exceed B
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.