Typically the ascending triangle breaks North. This one, however, was formed on a down trend so it could either be a continuation or a reversal. I'm betting reversal for now.
If you like playing the breaks you could go long on the break of the top of the triangle with a stop just inside the triangle and do the exact opposite if it breaks out the bottom. Either way there is some meat on that bone for a quick trade.
Good luck!
BBS Out.
If you like playing the breaks you could go long on the break of the top of the triangle with a stop just inside the triangle and do the exact opposite if it breaks out the bottom. Either way there is some meat on that bone for a quick trade.
Good luck!
BBS Out.