Price has broken support. Your potential target is the length of the pattern formation as indicated by the blue line. This is the text book way to measure your profit zone. This does not always occur. Sometimes your target will be short of the intended price target and other times price will move lower than the intended price target.
Comentário:
I want to change the word "length" in the second sentence to the word" width."
Comentário:
The word "length" in the second sentence is replaced with the word "width", as this the correct terminology.