In theory the second leg up after a pullback should equal the...

In theory the second leg up after a pullback should equal the first leg up before the pullback and often does right to the cent. So to work out the price at the top of the second leg up we subtract the bottom of the first leg (41 cents) from the top of the first leg (79.5 cents) to give a price for the first leg of (38.5 cents) Which when added to the bottom of the pullback (67.7cents ) gives a new price target of $1.062. Because the breakout where prior resistance becomes new support and the breakout is the confirmation of the second leg up in progress and not just a double top being formed at resistance is very important to share holders it is worth calculating how far price us likely to go whenever there is a breakout above the highest highs or recent highs.