A patterns are very helpful and also give you a base to start from
A breakout bar will attract buyers and or sellers at certain levels and also trigger XT or Orders that are up there in the list
Patterns allow you to profit and protect for if the pattern fails, it will do so for good a reason.
and when stops kik in leaving your capitol somewhat intact.
patterns are also target driven such as CNP Pennant Target of 80,s on daily charts.
Calculated by the range of the first breakout added to the pennat Angle "upper" and projected
Range of Break out bar = 35c
35c + CNP breakout of Angle = Approx 50c + 35c = 85
- Forums
- ASX - By Stock
- CNP
- .475
.475, page-2
-
- There are more pages in this discussion • 45 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)