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Old 03-21-2008, 12:13 PM
rds1933 rds1933 is offline
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In the Double Bottom Example, Trade Target has been shown as 174 points that is ten times the gap between the bottom resistence line and the trough line (17.4 points). May it be assumed that the trading target in such a case is ten times normally. In this example, the top achieved is only 346 level giving a gain of only 47 points from the entry point. Now, this is too far from the trade target of 174 points. Please explain this point.
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