How is this being calculated? Because I really have some hard
time to get out of a trade since I have no idea about the
objectives and or how to calculate those.
Hutrader - The targets are calculated based upon the price
levels of the triangle. The ES triangle formed between 1213
and 1227 which is 14 points. Adding 14 points to the Wave E
low at 1220 targets 1234 while adding 14 to the top at 1227 would
target 1241. Again, those are simply the pattern targets and
it can extend so keep an open mind.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
ES (SPX Futures) Update
Posted by steve on 7th of Dec 2010 at 05:48 am
SPX Futures Formed a Continuation Triangle Last Night by making a higher low which Finally Resolved Early this Morning.....Going Back to Bed.
When you wake up you're likely to see a gap to the upside.
Objective Triangle Target Range for ES
Posted by steve on 7th of Dec 2010 at 08:06 am
The minimum target it 1220+14 = 1234 and high side target is 1227+14=>1241. Again, these are simply the objective targets out of the pattern.
How is this being calculated?
Posted by hutrader on 7th of Dec 2010 at 08:45 am
How is this being calculated? Because I really have some hard time to get out of a trade since I have no idea about the objectives and or how to calculate those.
Thanks
ES Targets
Posted by steve on 7th of Dec 2010 at 09:04 am
Hutrader - The targets are calculated based upon the price levels of the triangle. The ES triangle formed between 1213 and 1227 which is 14 points. Adding 14 points to the Wave E low at 1220 targets 1234 while adding 14 to the top at 1227 would target 1241. Again, those are simply the pattern targets and it can extend so keep an open mind.