Price Targets, Actual Target (Profit
The price target lines are
visual investment tools that provide a precise, calculated way to
measure a potential market price movement.
They give a trader an early indication of where
potential opportunities are forming.
The price target lines are calculated mathematically, are objective and have
the same forecasting power. It means that a trader can
open position in either direction placing a limit order at the
appropriate target line. Though it can work with the sideways trend, one
can suffer loss of time and drawdown with the long lasting up or
downtrend. So, it is crucial to know which target is to be achieved
first, that is to identify the actual price target.
At present our analysis technique allows to correctly determine the
actual target in the majority of cases.