medium · Volume Price Analysis wyckoff-laws
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.
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