medium · Volume Price Analysis
An equity has traded in a horizontal range of $4.00 for six weeks.
Following a high-volume breakout, what is the minimum price target based on the Law of Cause and Effect?
- The previous major swing high or low on the weekly chart.
- A return to the Point of Control identified within the range.
- A move equal to the 20-day average daily range of the stock.
- A move of at least $4.00 from the breakout level.
Sign up free to see the explanation and track your rank →
More Volume Price Analysis practice
- A stock has been in a sustained uptrend for three weeks. A c… — How should this be interpr
- What is the specific VPA principle demonstrated here?
- During an accumulation phase, the price dips below the estab… — What is the correct Wyckof
- What is the most likely price behavior?
- What is the next step in the decision framework to confirm this is an entry opportunity?
- An up candle with a very narrow spread and very low volume a… — What does this specificall
- A practitioner is using a 233-tick chart for the ES E-mini.… — What does a 'low volume' ba
- A stock has reached the top of a distribution zone. A candle… — How should the practitione