Whenever you are analyzing stock charts remember to keep in mind the time frame.
Chart patterns are exactly that, patterns. So if it took 3 months for a particular pattern to form, then, depending on the pattern it should take around 3 months for that pattern to hit the price target.
- See how long it took for certain patterns to develop.
- How long should you wait for the stock to hit a price target?
Because a chart looks good in the 3-month time frame, does not mean it is good for a year time frame. Remember what you are looking at.
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