$BNGO See inside of this thread for additional graphical information that builds on the first graph posted. I posted this earlier, but here's a repost with the correct math and logic. -------- PT1=1.88 PT2=2.15 -------- Here's the logic: The Moving Averages control this chart. Support from the parabolic run = 1.05 Point of consolidation pennant 01.10.20= 1.05 SMA 100 01.10.20= 1.05 EMA 100 01.10.20= 1.32 (1.32-1.05)/2+1.05=1.18 Close on 01.10.20 = 1.18 01.10.20 We've been consolidating in the large pennant over a 0.70 spread. 01.10.20 We'be been consolidating in the smaller pennant over a 0.26 spread PT1 1.18+ 0.70=1.88 Also supported graphically on the chart. PT2 0.26+0.70+1.18=2.15 Also supported graphically on the chart.
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