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SLV Target Calculation


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#1 Douglas

Douglas

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Posted 23 June 2011 - 09:34 AM

The SLV run from 32 to 48 = 16. The recent triangle consolidation centroid is at about 35. So if SLV breaks down from the triangle AND it is a mid-point consolidation, two SLV targets are 35 - 16 = 19 and 35 - 0.618 x 16 = ~25. There is also a rising trend line from before the parabolic move and a pivot low at about 26 also in this neighborhood. 19 - 26 target range.