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chart_analysis:pnf_charts:pnf_price_objectives [2023/01/30 16:07] jayanthi |
chart_analysis:pnf_charts:pnf_price_objectives [2023/01/30 16:08] jayanthi |
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| ===== Introduction ===== | ===== Introduction ===== | ||
| - | // **Important:** P&F Price Objectives are upside and downside price targets that stem from a P&F buy or sell signal. These price objectives should not be used as the sole reason for buying or selling a security; they are just general guidelines on what to expect based on the strength of the initial price move. Some securities reach their price objective, but others reverse before doing so. A lot can change after a given signal. Chartists should continually monitor the technical situation for signs that validate or invalidate the Price Objective. // | + | // **Important:** P&F Price Objectives are upside and downside price targets that stem from a P&F buy or sell signal. These price objectives should not be used as the sole reason for buying or selling a security; they are just general guidelines on what to expect based on the strength of the initial price move. The price objective represents the extreme of the range. Some securities reach their price objective, but others reverse before doing so. A lot can change after a given signal. Chartists should continually monitor the technical situation for signs that validate or invalidate the Price Objective. // |
| StockCharts automates Point & Figure price objectives using the Breakout Method and the Reversal Method, both of which are based on the vertical length (height) of a Measure Column. The longer the Measure Column is, the higher or lower the price objective. Identification of this column depends on the method, Breakout or Reversal. This article will show chartists how to find the Measure Column, how to calculate the length of the price move and how to determine the Price Objective. | StockCharts automates Point & Figure price objectives using the Breakout Method and the Reversal Method, both of which are based on the vertical length (height) of a Measure Column. The longer the Measure Column is, the higher or lower the price objective. Identification of this column depends on the method, Breakout or Reversal. This article will show chartists how to find the Measure Column, how to calculate the length of the price move and how to determine the Price Objective. | ||