How to work out additional levels when breaking to new highs

This is a bit trickier and there are certain techniques that you can use. I personally use Fibonacci extensions, point and figure and any potential patterns to offer potential upside targets. I realise I have been a bit cavalier with my point and figure upside target, as you can work this out exactly, but wanted to show the techniques I use rather than concentrate on the actual count itself.

I took a look at the Apple price to give potential upside targets. The potential new targets are contingent on the old high around 183 breaking.


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