Pattern Height = Engulfing Candle High (top of wick) - Prior Candle Low (bottom of wick).
For ETH/USD example:
Engulfing candle high = $2,637 (top of wick).
Prior candle low = $2,113 (bottom of wick).
Pattern Height = $2,637 - $2,113 = $524.
Target = $2,637 + $524 = $3,161.
For ETH/USD example:
Engulfing candle high = $2,637 (top of wick).
Prior candle low = $2,113 (bottom of wick).
Pattern Height = $2,637 - $2,113 = $524.
Target = $2,637 + $524 = $3,161.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.