Will recalculate exact numbers when the pattern starts to trade at the Breakout price.
There are 2 ways to calculate target price of Descending Broadening Wedges.
Lets go with the Breakout Price rather than the Higest High.
Breakout Price + ((High – Low) * 79%) = $36
There are 2 ways to calculate target price of Descending Broadening Wedges.
Lets go with the Breakout Price rather than the Higest High.
Breakout Price + ((High – Low) * 79%) = $36
Trade active:
sorry my error the aprox. target would be $22.42