Kools tools for price

[wsjalerts13]

Hey Kool,

Can you please demo/interpret price projection from the attached chart, I am finding it difficult to project any price from it.

Thanks,
WS.

 

[koolblue]

Hey Kool,

Can you please demo/interpret price projection from the attached chart, I am finding it difficult to project any price from it.

Thanks,
WS.

Wsj, of course i can but i would need the high and low values on certain bars!

 

[koolblue]

Srj, no when the indicator is way up high on my chart , its above 92 and would be overbought(or think of it as bought too much ) and ready to be sold! The reverse when the indicator is low and below 8. Then its 'sold too much' (called oversold) and ready to be bought

 

[wsjalerts13]

Kool,

Please let me know which ones are of interest to us, i will upload the information.

Thanks.

 

[VOwater]

wsjalerts13,

The 5m price projections would be:

10/31 8:40 low (46.40) to the 9:10 high (50.68)
50.68 - 46.40 = 4.28 x 2.618 = 11.21 + 46.40 = $57.61
11/5 8:55 high = $57.88...close enough for govt work
The 10/31 5m target remained in effect because price never came back down and took it out for a lower pivot

11/5 8:55 high (57.88) to the 9:15 low (56.71)
57.88 - 56.71 = 1.17 x 2.618 = 3.06
57.88 - 3.06 = $54.82
11/5 11:45 low = $54.69
interesting enough the next little swing high and low projected down to $54.81

The current 5m projection (10:40 H and 11:45 L) is to $51.28...this will remain until it is reached or the 10:40 H is taken out

Hope this helps...Kool can add or correct anything to this if he needs to

 

[wsjalerts13]

VO - appreciate your efforts looking into this, will do another round of tests using the above examples.

Thanks.

 

[koolblue]