Potential Price Target Zones
FinGraphs automatically calculates possible Price Target Zones. These are intended to match the price potential with the possible time period for its completion, resulting in up or down price beams. FinGraphs differentiates between 4 types of possible Price Target Zones.
In an ideal swing trading world, where all Corrections turn into potential Impulsive trends and potential trends start to reverse once they have reached their possible Impulsive targets zones (no Impulsive 2 trends), the theoretical model could be pictured as follows.