MRPNL

Measured Move

Measured Move Target

A technique projecting a price target by duplicating a prior swing move from a breakout or consolidation point.

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Formula

Target = Breakout Price + (End of Pole − Start of Pole)

The Measured Move target is calculated by measuring the height of a prior directional leg (or pattern) and projecting that same distance from a breakout or continuation point. It is the standard method for setting price targets on flags, pennants, rectangles, and triangles.

For example, if a pole is 10% tall and price breaks out from the consolidation, the target is 10% above the breakout level. The logic is that the market "remembers" the momentum of the initial leg and repeats it.

  • Used for bullish patterns (add to breakout) and bearish patterns (subtract from breakdown).
  • Not guaranteed — use as a guide alongside support/resistance levels.
#target#continuation

Related Terms

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ABCD Pattern

The simplest harmonic structure — a four-point zigzag where BC is a Fibonacci retracement of AB and CD equals AB in length and time.

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Ascending Triangle

A coiling pattern with a flat upper resistance line and rising lower trendline, typically resolving in a bullish breakout.

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Bear Flag

A sharp downward pole followed by a tight, slightly upward-drifting channel — a continuation setup that resolves lower once the flag breaks.

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Bull Flag

A sharp upward pole followed by a tight, slightly downward-drifting consolidation channel — a high-probability continuation setup in strong uptrends.

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Corrective Wave

A counter-trend three-wave (A-B-C) structure within Elliott Wave Theory that retraces part of the prior impulse before the trend resumes.

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Cup and Handle

A rounded bowl-shaped base followed by a small downward drift (the handle) — a bullish continuation pattern preceding a breakout to new highs.

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Flag

A brief rectangular consolidation against the prior trend, bounded by parallel trendlines — a high-frequency continuation setup.

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Pennant

A pole followed by a small symmetrical triangle — a tight continuation coil that resolves in the direction of the prior thrust.

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Chart Patterns

Rectangle Pattern

Price oscillates between two horizontal parallel levels — a neutral consolidation that resolves in either direction, often continuing the prior trend.

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Chart Patterns

Throwback

A post-breakout pullback to the broken resistance level, which now acts as new support — a common re-entry opportunity in trending markets.

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