Take profit levels when trading pennant breakouts

Anyone know how to calculate what the profit level should be on a pennant brekout? Kind of like something you see when you use autochartist's software.

Any ideas would be greatly appreciated.

http://tutorials.topstockresearch.co...ndPennant.html

try this.
in additon autochartist program already points out target levels of any pattern.

You could use time-based profit taking, probably the most profitable strategy during exiting trades I've ever experienced...

good info from a high level point of view. Thanks.

I kind of use that now.

I found this. Interesting idea. http://www.whselfinvest.com/en/tradi...ck_pattern.php

I would say use a fibonacci projection as a measured target. I dont use it commonly but if its your thing you should find these extremely useful:

Fibonacci Projection:
http://www.forextrading.tv/education...#axzz2VETqIpMf

Measured Target:
http://www.forextrading.tv/education...#axzz2VETqIpMf