10 Min |
Keeping it simple. Last night I mentioned the similarity in the consolidation pattern right before Draghi's announcement. Same appears to be working out here. This was the purple option I presented last night.
Sure looks like a triangle. We'll see. Bennie will provide the catalyst for the breakout or the failure.
Triangles usually mark the end of a wave structure so should this break up higher, 1445-1450 are some targets. This coincides with the TL connecting the 6/19 and 8/21 reaction highs.