The Handbook of Technical Analysis + Test Bank_ The Practitioner\'s Comprehensive Guide to Technical Analysis ( PDFDrive )

the hAnDbook of teChniCAl AnAlysis

breakout. Once volume tests its historical lows, a potential breakout from

the parallelogram may be imminent. The formation is complete once the

parallelogram is formed and no breakout is required for pattern completion.

The minimum upside and downside price targets are simply one‐to‐one price

projections based on the height of the pole, measured from the parallelo-

gram breakout level. It should be noted that minimum one‐to‐one price tar-

figUre 13.34 A Broadening Formation as a Precursor of Increasing Volatility on the

15‐Min Chart of EURUSD.

Source: MetaTrader 4

figUre 13.35 A Broadening Formation as a Precursor of Increasing Volatility on the
30‐Min Chart of EURUSD.
Source: MetaTrader 4