MightyOne wrote:Do you also trade away from the targets as well as towards them, using them as a sort of S&R? -Kate
If you knew what you were looking at then you would not ask questions like that!
You can know three things for sure:
1. it is likely that price will reach the first set of targets
2. it is not likely that price will escape the second set of targets
3. if price escapes the second set then you are looking at long term momo.
These targets are based on one of my ancient methods that is known as "The Ruler of Six"
You will just have to trust me when I say that it only works when applied to the weekly chart
Folks, listen to the master/inventor.
I love that finger wag!!