The Measured Move (Bullish or Bearish) consists of a three parts. The formation has: reversal advance / decline, correction / consolidation and continuation advance/ decline. This continuation pattern can not identified until the 2-d part-correction / consolidation confirmed the pattern, and it is long term and takes form over couple of months.
This Measured Move could be measure by points or percentage. Some technical analysts prefer points rather than percentage, some vise versa.
Please, find example for measured bullish move bellow, so could we see the stock price to 34.09 (points measure) or 39.19 (percentage) in long term future!?
| Reversal advance | |
| Low | 15.32 |
| High | 27.86 |
| Difference | 12.54 |
| Difference (%) | 81.85% |
| Correction | |
| Low | 21.55 |
| Continuation advance | |
|
points |
% |
|
34.09 |
39.19 |
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Posted by: MIBLUE | February 02, 2010 at 10:18 PM
This is a great article. Good technival analysis on the NASDAQ. I appreciate the education and insight.
Posted by: Matt Sikora | February 02, 2010 at 05:38 AM
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Posted by: Gunasekar | January 31, 2010 at 09:16 AM