1. This is basically a Symmetrical Triangle Pattern. Where Resistance & Support Line tends to cross near future, which is also known as APEX point. Breakout can happen both the side e.g. ups and down. In this chart is it in upside breakout.
2. We've to measure the distance of price range. Which is between Resistance & Support Line, when pattern was developed and now that range paste on the breakout side for measure Profit Target.
3. That price range has been paste in this area now 721.60 is the initial profit target for this Symmetrical Triangle Pattern.
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