@Cristian_Fibonacci, I add the height (lowest point of the descending trend line to point of breakout) of the consolidation to the point of the breakout.
Gargamel6500
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@Cristian_Fibonacci, But profit targets can vary. A strong previous support/resistance level or a major EMA can influence the placement of the pt.
The only one I can find here is not very significant, at 1.15260, and also above the standard pt.
Cristian_Fibonacci
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@Cristian_Fibonacci, Oh I see. If you measure the retracement usually 88.6 goes to 1.18, 78.6 goes to 1.27 and .38 0.5 0.61 goes to 1.168. That's the normal. I think that is more accurate than just going for the A-B length. But I agree strong resistance can change the outcome.