For example: Blue is 150 Red is 125 Days between red and blue are 10 Days between red and yellow are 9 How can I calculate the price of the yellow? Does this look right? 125 - (((150 - 125)/10)*-9)
Just testing what I have so far, this is what the program gave me. The break price has to be 10% drop from high. The current price is the only price that broke the trend line. 1/3/2021 close price CAPA 10.12 MDVL 15.05 PSTI 7.07 RCON 1.47 TTNP 3.29
Your math is right except it is + after 125. You can use the equation of line: y-y_1=slope(x-x_1) to extrapolate. Here points are Blue (0,150), Red (10, 125), and we are looking to find y when is x is 19. So the equation is y-125=(150-125)/(0-10)*(x-10), so when x is 19, y=125+(-2.5)*9=102.5.
Thank you so much JTrade. Do you have any idea how many days work best when looking for a slope? Also, are certain slope angles better than others?
