KOSPI 200 Daily Chart
Here is an example how astounding STOPD works on markets that are perceived as more volatile and less stable than the more established markets in the West.
Following is the daily chart of Korea Stock Exchange KOSPI 200 Index.
The first quarter range (left most blue lines) defined pretty much the key price levels for the year so far.
2nd quarter range (2nd set of blue lines from the left) provided the price expansion target for the 3rd quarter.
Sometimes, things can be pretty simple.