
Originally Posted by
epgarias
Sample daw bro. Unsa imo makita na target sa MEG gamit kato imo gi ingon na method? I know only the basic lang jud about EWT. Never tried to dig deeper sa iyaha advance na topics kay its too complex for me. hehe Thanks bro..

Bro Ep, what i've said is that it's quite difficult to take the TP of MEG using EWT coz it will only give u the market direction but we can use the core element of EWT w/c is Fibonacci to predict the future TP of MEG. But sad to say, i don't know how to bring down the chart price in Amibroker so the next level fibo of 238.2% and 261.8 % w/c is the TP can't be seen. In Fibo most of the time the 50% level provide the strongest support and if it is broken it may signal a consolidation else a reversal and most of time the pull-back always at 50%.