I expect a retest of the breakout level then bounce, or I just proceed up to the target
Average upwards move from breakout = 38% Statistical chance of breaking up - 79%
Gold has had a shallow retracement and had broken out the descending wedge so has a measured move target to the upside.
This large multi-week symmetrical triangle on USOIL is of interest to me as it is ready to break out at any point now and could signal the start of a large trending move to the upside or downside dependent on the direction it breaks. Due to fundamental reasons I believe the break will be to the downside to take out the recent lows near $40 but I will be trading...