AVZ chart, page-12937

Depends on which T/A guru you follow - Bulkowski, McLaren the list goes on . Any potential chart pattern set up needs confirmation as I am sure you are well aware of . In the case of double tops or double bottoms the price has to close above or below a confirmation line its up to you to draw those lines where you think they should be drawn.

After a stock has closed above or below a confirmation line then you can draw a projected price target . I have posted before some stats from Bulkowski of price meeting target - from memory its around 56% of confirmed patterns meeting the price target which means almost half don't complete a full price target extension .

In the case of AVZ its pretty obvoius taht the s/p is range trading bewteen those two top and two bottom circles i have drawn.