QCharts - Projection Drawing Tool
What is the "Projection" tool?
The projection tool utilizes three major price points to project an expected price based on the standard Fibonacci retracement percentages. These three price points are usually associated with price extremes, i.e. peaks and valleys of historical price movement, and then projected beyond the last price of the stock.
What is the "Projection" tool?
The projection tool utilizes three major price points to project an expected price based on the standard Fibonacci retracement percentages. These three price points are usually associated with price extremes, i.e. peaks and valleys of historical price movement, and then projected beyond the last price of the stock.