The ACD Method

Quote from Maverick74:

I use them as price targets and as correction levels. For example, if we get a failed A up or A down, then the other A level becomes a longer term target. They also work great when you get a deep correction and the QTR levels don't hold, usually the yearly level will.

Obviously when a market is choppy and not trending, these levels are golden as they usually will contain 90% of the price action for the year.
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Makes sense. I'm pretty sure the depths of last summer were my A down in the SPY if I remember correctly.

Thanks Mav, as always!
 
Canadian dollar bouncing off the yearly upper level Friday and this morning. Target is the monthly upper level but if it breaks above this level and holds, the quarterly upper level sits above it. I think both levels are in play, one or both this week, the other by next week.
 

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Going long 6C on a pullback to the weekly level of 1.0095 if we get there ... 1/2 target at yearly and 2nd half quarterly above that. Will buy again if we drop to the next level and other confirming indicators line up.
 

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Just checked and got filled at the weekly level. Targets already stated in previous post. Will re-evaluate and most likely step up and buy again if we should happen to fall to the monthly pivot, based on other confirming conditions.
 

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