Consolidation breakout profit target

Discussion in 'Risk Management' started by Dmitrij_111, Dec 30, 2020.

  1. For those who are swing trading. How do you define your profit target for breakouts (from wedge, bases) when there is no clear resistance after breakout?

    Does your profit target depend on volatility?
    Market cap?
    Length of base/wedge (i.e. 6-8 weeks consolidation vs 12 weeks consolidation)?

    I know this can be quite subjective as it all depend on individual strategy, however, perhaps there is fact based evidence.

    Thank you for all your opinions.