Mathematical proportion and range is the last high- the last low

  1. "if all highs and lows in the market are exact proportions of previous ranges."

    then can you write the statement;

    [tex] x = \frac{a}{b}\times{range} [/tex]

    where x is a high, a/b is a mathematical proportion and range is the last high- the last low

    Is that correct? if not, what would be?

    Thanks
     
  2. jcsd
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