Measured Move - Bullish (Continuation)
The Measured Move is a three-part formation that begins as a reversal pattern and resumes as a continuation pattern.
Measured Move: Price projection obtained by measuring certain dimensions of chart patterns and measuring from the breakout. Measured moves are used to project target prices.
Measured Moves
The measured move lets you estimate how far the next leg of a rally or selloff should carry.
Measured Move: The tendency of some stocks to move in equal or similar price distances before starting a consolidation phase.
After a bullish ascending triangle in an uptrend (from the Pattern Recognition Services Newsletter, Vol. 1, No. 2, for the week of 11/12/01), reached and surpassed it's measured move target of $69.76 (base of $6.
Other possible common patterns, that I have not referred to before, can be seen on the original chart, one is a cup with handle, sometimes called a saucer formation, and the other is a measured move.
The rising three methods candlestick pattern reminds me of a measured move up chart pattern, only in miniature.
140 in a rather large, but measured movement. In this case, the trend reversal was indicated by the large double-top formation that developed during the course of two days, and was accompanied by two sharp downward v-reversal patterns.
 See also: Trend, Trading, Pattern, Break, Market
  
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