Here is a small display of how to measure a price target of a breakout after an initial flag or pennant forms... These short-term patterns often reflect the rally's halfway point and are great opportunities to test your price targeting ability.
The rest is easy, measure the length of the pole portion ($11.23 is the dollar value of the move) and than measure and add the same value (in dollars, not % as it changes ever so slightly) to the breakout point of the flag or pennant you measured! If it hasn't broken out yet, just pick between 1/2 and 2/3 along the flag or pennant and go from there. Even that isn't necessary, it all depends on your level of OCD and anal retentiveness :p
Happy Trading!
The rest is easy, measure the length of the pole portion ($11.23 is the dollar value of the move) and than measure and add the same value (in dollars, not % as it changes ever so slightly) to the breakout point of the flag or pennant you measured! If it hasn't broken out yet, just pick between 1/2 and 2/3 along the flag or pennant and go from there. Even that isn't necessary, it all depends on your level of OCD and anal retentiveness :p
Happy Trading!
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.