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Date/Time: Sun, 19 May 2024 03:16:16 +0000



Post From: Price Expansion (2 point)

[2020-06-16 00:03:54]
User90125 - Posts: 715
Chart Drawing Tools: Price Retracement (2 point) | Price Expansion (2 point) | Price Projection (3 point) Tools

Using this tool involves drawing a line. To do this, left click on the chart with your Pointer to mark point A, move the Pointer and left click again to mark point B. The line A-B represents the length of price move.

The expansion/extension levels are calculated from these 2 points. If the line is down sloping, then the expansion lines will move downward starting from 0% at the bottommost point and the percentages will increase from this bottommost point. If the line is up sloping, then the retracement lines will move upwards starting from 0% at the topmost point and the percentages will increase from this topmost point.