Calculating retracements by Hal Swanson
ARTICLE SYNOPSIS ...Calculating retracements by Hal Swanson
The following forecasting method is an approach to charting price retracement in stocks, commodities,
indices or any free market. It is a study of momentum, an evolution somewhere between Gann and Elliott
Wave, that allows traders to project an ideal price correction in both price and time.
In my approach, a price move of any proportion will attempt to retrace itself by 50% to 61.8% of the
initial price move. This retracement first occurs at twice the original momentum, or even greater, and
then completes the price correction with the same momentum as ...