Goldfinga
Long

Bullish Descending Broadening Wedge

FX:XAGUSD   Silver/U.S. Dollar
77 2 1
Will recalculate exact numbers when the pattern starts to trade at the Breakout price.
There are 2 ways to calculate target price of Descending Broadening Wedges .
Lets go with the Breakout Price rather than the Higest High.
Breakout Price + ((High – Low) * 79%) = $36


Trade active: sorry my error the aprox. target would be $22.42
I think calculation error,((H-L) * 0.79) ... ((H = 21 - L = 17.30 ) = 3.7 ...this equation = 3.7 now X 0.79 = 2.923 .. so B(19.50) + ((H-L)*.79) 2.923 = (TArget price) 22.265 ?????
+1 Reply
Goldfinga DownUnder
yep thanks for pointing that out.
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