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Automatic calculation of Objectives

September 15, 2004

 

MJT introduces a new functionality which will automatically calculate the next most probable price objective in terms of Direction (up or down), Amplitude (corrective or impulsive move) and probable Target range. The result of this calculation, when relevant, will be plotted on the right side of the corresponding MJT graph (for Weekly, Daily, Hourly and 15M graphs only).

 

Important Note: This new functionality must be used as a complement to MJT's existing envelopes, oscillators and cases analysis and in no circumstances be used as the basis for interpretation of MJT's graphs. Indeed, to be of best effectiveness, the targets must be correlated to oscillator cases (i.e. High Risk, Low Risk, Case 3, Case 4).

 

 

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