NASDAQ:LOGI   Logitech International S.A. - Registered Shares
Target is D. Targets calculated using the length of the AB leg.
Possible stop below C.
Some multiply the ATR (Average true range) by 2 to place a stop. ATR is 1.38.
This pattern often reverses when D is met.
There may be resistance at the top of the gap down.

Average True Range (ATR) is the average of true ranges over the specified period. ATR measures volatility, taking into account any gaps in the price movement. Typically, the ATR calculation is based on 14 periods, which can be intraday, daily, weekly, or monthly.

No recommendation.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.