First target with a +60% chance of profit on a 382 retracement, of the total size of the pattern which provides a 9.5% profit
If price comes back to the signal level another 50% chance of profit on a secondary target provides 16%
!!! My tip: Statisitcs show that if price retraces right away to a 50% then it will most probably continue to higher highs (vice versa if D was a low)
If price comes back to the signal level another 50% chance of profit on a secondary target provides 16%
!!! My tip: Statisitcs show that if price retraces right away to a 50% then it will most probably continue to higher highs (vice versa if D was a low)
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.