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[RT] RE: Support Resistance Calculations



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Thanks for your post.

I am having a bit of trouble unravelling the formulas.
Are the following correct:

R3 = H/L * C
S3 = R3 - C
R2 = (H/L + 1)/2 * C
S2 = R2 - C
R1 = (H/L + 3)/4 * C
S1 = R1 - C

Thanks
Peter