I was thinking & contemplating NOT to show my ABC Pattern analysis on STI index.
However, to be CONSISTENT, and ‘sharpening’ my own skill, I just show it here, and you can judge yourself.
As a reminder for those who just come across this ABC Wave Pattern Analysis (or ABC Pattern for short) the calculation on the minimum/maximum targets are as simple as ABC .
As long as you have found your ABC Wave, whereby you just need A(up) B(down) and C(up) then you get value of A.high, A.low and B.low and apply them to these formulas to get minimum and maximum target:
C.min = A.high – A.low + B.low
C.max = 2 x (A.high – A.low) + B.low
See the STI back-test calculation in the 20 year chart below and calculation on “future” targets. From these calculation, roughly I ......