Will recalculate exact numbers when the pattern starts to trade at the Breakout price.
There are 2 ways to calculate target price of Descending Broadening Wedges.
Lets go with the Breakout Price rather than the Higest High.
Breakout Price + ((High – Low) * 79%) = $36
There are 2 ways to calculate target price of Descending Broadening Wedges.
Lets go with the Breakout Price rather than the Higest High.
Breakout Price + ((High – Low) * 79%) = $36
Trade active
sorry my error the aprox. target would be $22.42
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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.