Discussion in 'Technical Analysis' started by viktor_k67, Dec 12, 2012.
S&P 500 1%-trend on hourly chart
S&P 500 2%-trend on daily chart
S&P 500 3%-trend on daily chart
I am interested, how does one calculate 100% at levels 1434 & 1343?
I notice 1343 = 0% and 1434 = 100% Can this be explained on how arrived?
Also the title of the chart = S&P 500 2%, what does this mean?
Is this Fibonacci numbering being referenced?
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