The forex industry is made up of countless definitions and it's easy to forget a few along the way. But because no forex education can be complete without a glossary of forex terms, we've compiled one which aims at explaining key definitions in the simplest way possible. This way, you'll never be lost or confused again!
A method used in Point and Figure charts to calculate price targets. It applies to both 1-box and 3-box reversal charts. In horizontal count, the width of the congestion pattern determines the price target.
Category: Technical Analysis