Question: The most recent price activity in this chart is a quadruple top breakout. The box size is $0.50 and the reversal size is three boxes.
-
The most recent price activity in this chart is a quadruple top breakout. The box size is $0.50 and the reversal size is three boxes. What is the price objective for the breakout using the horizontal count method? Refer to separate file for chart -
$19.00
$21.50
$12.50
$22.00
51.00 50.00 19.00 51.00 50.00 49.00 49. 00 47.00 40.00 45.00 xxxxx 00 0000- 47.00 16.00 15.00 00 10.00 42 000 11.00 40 00 39.00 38.00 37.00 36.00 35.00 34.00 33.00 ! 32.00 31.00 30.00 29.00 20.00 27.00 26.00 25.00 24 00 20.00 22.00 21.00 20.00 1950 19.00 1050 18.00 1750 17.00 16.50 16.00 15.50 15.00 1450 xxxxxxx xxx 40.00 42.00 11.00 40.00 29. 00 38.00 37.00 16.00 35.00 34.00 33.00 22.00 31.00 30. 00 29.00 20.00 27.00 26.00 25.00 2400 20. 00 22.00 21.00 20.00 1950 19.00 1050 10.00 1750 17.00 150 oxoxo oxoxo oxoxo oxoxoxo oxoxo 15.50 15.00 1450 1400 1250 13.00 1350 13.00 1250 12.00 11.50 11.00 1050 10.00 950 9.00 50 0000000000 Oxxx 7 oxoxoxox 12.00 30 11.00 10. 29 10.00 250 9.00 300
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
