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Re: kcn20 5hours consolidation breakout
By breakout I mean breaking below around the 10100 area. Technically when a consolidation breaks out, in this case the area between 10600-10100, the projection is the same width of the consolidation which is around 500 points south of 10100, which is in the area of 9500 +/-. Usually once the projection achieves its objective, many times price will move back up to retest the breaking point area,which is around 10000-10100.