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⋅ At Target One of the Daily Triangle 50% of the position is closed.
It would then be logical to assume Price would drop by 50% of the move from Entry.
Price did not drop by 50% and instead began to form a new Triangle pattern.
Dropping to a lower time frame (4H) we can see the process begin to repeat itself.
Targets One and Two for the 4H Triangle are shown below.