How to calculate price targets

[Stanley EpsiBari Deede Nwiko]

I have observed that price move around this  projected levels most of the times. It will be helpful if traders pay kin attention to this levels on chart.

you can incorporate this levels into  your trading method/system and it will improve your trading dramatically.

So here we go...

1)  previous bar high-previous bar low=X

next bar open price  +  X

plot horizontal line at the calculated value high

2) previous bar high-previous bar low=X

next bar open price - X

plot horizontal line at the calculated value low

Example 1,  previous bar high @ 1.14072

previous bar low @ 1.13585

therefore   1.14072 - 1.13585 = 0.00487

next bar open price @ 1.13979 + 0.00487 = 1.14466

1.14466  is our high forecast value where the horizontal line should be plotted

Example 2,  previous bar high @ 1.14072

previous bar low @ 1.13585

therefore   1.14072 - 1.13585 = 0.00487

next bar open price @ 1.13979 - 0.00487 = 1.13492

1.13492  is our low forecast value where the horizontal line should be plotted.

please note, horizontal lines should be short(not ray).

Good Luck Trading!

I am Steko.