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Summary:
1)
In this patter first there is an up move, then correction
and finally the stock start
moving again
2)
Targets are calculated using the formula 1.61X (end of ew1- start of ew1) + end of
ew2
3)
For second and third target replace 1.61 by 2.61 and 4.25 respectively
4)
Keep stop loss at the point of breakout
5)
Don’t forget to check the fundamentals as mentioned
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Hey friends, now you know all that works all you need is to apply these in your trading life
and get going. Our final chapter is to master the trader
hiding within our self, and by
following the rules stated under you can do it:
Do'stlaringiz bilan baham: