Extensions to Renko patterns
by PRASHANT SHAH -
We discussed extensions from price patterns earlier as well in Chapter 3 and Chapter 4. The rules of extensions from various patterns were also set out while discussing each pattern. The calculation and logic behind extensions was explained in earlier chapters. Extensions can be treated as targets or price projections from those various patterns. I ... Read more
Extensions to 123 Pattern
by PRASHANT SHAH -
We have discussed extensions from different swing breakout patterns. Let’s explore this concept further. Have a look at below chart. All price swing breakouts consist of three swings. Since there is a breakout in the third swing, Swing 1 and Swing 3 in above chart are impulsive in nature, while Swing 2 is corrective. Or, ... Read more
Extensions to Renko patterns
by PRASHANT SHAH -
We discussed extensions from price patterns earlier as well in Chapter 3 and Chapter 4. The rules of extensions from various patterns were also set out while discussing each pattern. The calculation and logic behind extensions was explained in earlier chapters. Extensions can be treated as targets or price projections from those various patterns. I ... Read more
Extensions to 123 Pattern
by PRASHANT SHAH -
We have discussed extensions from different swing breakout patterns. Let’s explore this concept further. Have a look at below chart. All price swing breakouts consist of three swings. Since there is a breakout in the third swing, Swing 1 and Swing 3 in above chart are impulsive in nature, while Swing 2 is corrective. Or, ... Read more
