Replies to post #15624 on lowtrade

[TheBioTrader]

Ok...

Target calculations are approximate value only and we should not expect the target will always be reached. May be we should expect 75%.

Target: The projected advance after breakout (this is handle breakout) can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup.

So, 1.05 (right side lip) - 0.75 (Cup bottom) = 0.30
0.95 (handle breakout) + 0.30 = 1.25 (Approximate value)

Since it reached the high of 1.15, it can retrace anytime...