ENQ

The great undecided....





...it's gotta jump one way ....but which?

This is fianlly making a move out of its triangle today. We'll need to wait for close to see if it does close down though. Far away view:



dl.dropbox.com/u/20815047/ENQdaily13_11_12.gif

Close up:



dl.dropbox.com/u/20815047/ENQdaily13_11_12a.gif

There's a gap at 92.45p for the greedy!

How do you calculate the target J? Here's my view of the same thing

Is it that arrow (from the breakout if it confirms); i.e. vertical distance at start of triangle from breakout to point lower trendline? Not too clear on this? Have been trading this on and off and waiting for this breakout too.


screencast.com/t/oLsFsWHOWRK

me personally.
takes the target from the mid way touches.
but its meant to be from the hight of the touches so from jackozy chart from low of 84 to the high of 136 which gives you 52 point target.
if you were to take it from the mid way points then that will be high of 136 to low 105 which then gives you a target of 31 points. But the right way is the height of the pattern.

hope that makes sence
remo

So the targets are taken from the 1st 3 points of the triangle (in this case from J's chart 84, 136, 105? An in fact the target has nothing to do with the actual point on the triangle that the break is made, just the start of the outer trendlines delineating the triangle?

where it breaks out from is where you start to calculate the target from.