We will let you know the correct answer by end of Sunday!
Many traders may think that a point & figure chart is only useful to estimate targets of future price moves. While projecting likely targets is a valuable feature of P&F charting, it’s not all that they tell the savvy trader – not by a long shot!
Below is a challenge for you – please read the chart and choose the correct answer.
The chart shows a popular US stock. Based on this P&F chart, this stock is:
- About to fall another 5 points and then goes into a protracted trading range
- About to have a rally which runs over 80 points
- About to have a breath-taking, 50-point drop?
- Starting a protracted, sideways trading range that lasts months
Please post your answer to the below Form. We will post the right answer by end of Sunday.
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