Chart is self-explanatory with full Wyckoff analysis.
TP could not be calculated with point and figure chart due to technical trouble on Trading View site. A crude method of 3 x trading range added to top of range was used. This was then reduced slightly to be on the safe side.
Usually, the TP is dynamic. As long as price stays in the markup channel as has been drawn, I would stay long. A change of character as described in the chart and a leaving of the markup channel is what I would pay attention to in order to get ready to TP/close the position.
1.12 would not be surprising as a handle for price to reach up to, maybe more. Price is still in the markup channel and has shown no change of character/behaviour at time of posting.
TP could not be calculated with point and figure chart due to technical trouble on Trading View site. A crude method of 3 x trading range added to top of range was used. This was then reduced slightly to be on the safe side.
Usually, the TP is dynamic. As long as price stays in the markup channel as has been drawn, I would stay long. A change of character as described in the chart and a leaving of the markup channel is what I would pay attention to in order to get ready to TP/close the position.
1.12 would not be surprising as a handle for price to reach up to, maybe more. Price is still in the markup channel and has shown no change of character/behaviour at time of posting.
