The Wave Projection helper tool helps determine the price target for parallelogram patterns and other price continuation patterns.
Based on three known points, the Wave Projection tool will create a parallelogram pattern directly on the chart. The parallelogram’s fourth projection point will suggest price target as a continuation of the pattern.
The following are inputs available in the application:
The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, trading methods, and/or indicators will result in profits or not result in losses.
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