Examples in Reading Charts Using Basic Chart Patterns

By Lawrence

Part of Art of Chart Reading

Straight to practical applications of the basic chart patterns.

Use Measured Move to Identify Price Targets

Measured in 2 different ways back in late 2010 to early 2011 gave you the same price move. Isn’t it wise to use that as your price target when Google reached 660?

As a minimum, the idea of buying the so called 52 week high breakout definitely should not be your reason to go long given the projected target.

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