Range Bar Measured Move
Posted on October 19th, 2009
Written by Richard
Posted in: N/A (old archives)
I normally post measured move examples on point and figure charts, but you can find them on other types of charts as well. Here is a potential top in the market, as shown on the 4-tick range bar chart (click to enlarge):
You can see that the first push (white line on left) matches the second push (white line on the right). So, usually at this point you get a bit of a breather, and then either a push down or a third push up. The third push, if it happens, is usually either the same size as the previous two, or half the size. You see the half-size thing quite a bit, actually.
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© 2010 Richard Todd. I am not a financial advisor, and nothing on the site should be considered investment advice or actionable recommendations. I'm just an individual, saying what I think, and sharing my experiences.