Five targets at 50:
1. Bull flag breakout measured move to 50
2. 50% Fib retracement from 64.95 previous high to recent low at 26.21 = 50
3&4. Schiff modified pitchfork top line at 50 occurring at the same time as the trend line created from the recent move from A to B is applied to the appex B's verticle line low of the horizontal line created by point A into the future from this verticle line low; (as seen in photo posted in chart).
5. Line AB = line CD
The more market geometric lines, fibs, trend lines, channels, time cycles, etc. occur at the same price the more likely that price target is likely to be met.
1. Bull flag breakout measured move to 50
2. 50% Fib retracement from 64.95 previous high to recent low at 26.21 = 50
3&4. Schiff modified pitchfork top line at 50 occurring at the same time as the trend line created from the recent move from A to B is applied to the appex B's verticle line low of the horizontal line created by point A into the future from this verticle line low; (as seen in photo posted in chart).
5. Line AB = line CD
The more market geometric lines, fibs, trend lines, channels, time cycles, etc. occur at the same price the more likely that price target is likely to be met.
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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.