The minimum price target is the measured length X (between top and bottom of diamond), projected from the break out.
Take a note of the stochastic oscillator, which signals (confirms) the break below support through the downward cross.
Conveniently myTP area is also a target for developing bearish flag.
As always, comment freely and blame yourself if something goes wrong.
Extra credit for @look4edge, originator and talented chartist.
Cheers.
Take a note of the stochastic oscillator, which signals (confirms) the break below support through the downward cross.
Conveniently myTP area is also a target for developing bearish flag.
As always, comment freely and blame yourself if something goes wrong.
Extra credit for @look4edge, originator and talented chartist.
Cheers.