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As this has progressed on the hourly things are beginning to look better. It seems to me likely that we have our waves 1 and 2 set now and this *could* be the beginning of Wave 3 (target shown if so). For this scenario to play out the rising support line should continue to hold.
Impossible to call the next move other than to say it will happen within the next few hours - but is 50/50 up or down. Unfortunately a symmetrical triangle has no continuation or reversal bias.
1. Break up - this will then likely proceed higher on a W3 move
2. Break down. Then we have two possibilities:
i. W2 continues down to 78.6% retrace, ...
PANR has broken through a strong resistance, pulled back, and looks like it could keep going up.
Any thoughts on this guys?
If 80 holds on a retest I like this as a harmonic (Fibonacci) bat pattern long set up.
The long idea is wrong on a close below 67.45 and targets 145 175 and 217.