Red to Green and Green to Red profit targets

[Monk 0]

Do Red to Green trades & conversely Green to Red trades have a common directional profit target towards the Previous Day Close? Or did I misunderstand the Profit Target objective? Thank you.

[magik570 0]

I believe profit target will be the nearest trend line (can be HOD, previous day open/close...) or moving average or VWAP as long as at least 2:1 Reward:Risk is maintained.

[Robert H 453]

PCL is a very strong level. I've heard Andrew call it a magnet that prices are attracted to. So yes, it can be used as a potential profit target.