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Strategies & Market Trends : TRIPLE TRADES -- Ignore unavailable to you. Want to Upgrade?

To: Cyrus who wrote (198)	11/6/2020 5:53:53 AM
From: Bull RidaH	1 Recommendation Recommended By Fiscally Conservative Read Replies (1) \| Respond to of 4392

Hello Cyrus and welcome to the thread. To calculate the measured move on the upside breakout in AAPL's chart, you simply measure the base of the triangle in the direction of the break (9/21 low, 10/13 high) and add that exact number to the breakout point (117.69 yesterday, 11/5) of the symmetrical triangle. So 117.69 + 22.22 = 139.91. Using the fib tool allows one to measure the base, drag it to the breakout point, and generate the price target without pulling out a calculator. I love shortcuts!! :) Now if the stock closes back inside the triangle lines, we'll have to recalibrate the breakout point, but the base measurement for the measured move calculation stays the same.