Price broke out from the triangle on the daily time-frame. On the 4H time-frame, price is moving in a rectangle. In the rectangle, price is forming a triangle.
If price breaks both the triangle and the rectangle upwards, target will be at the next support level which tallies with the 0.236 Fibonacci level. If price breaks downwards, it will be heading to the 0.51 Fibonacci level.
If price breaks both the triangle and the rectangle upwards, target will be at the next support level which tallies with the 0.236 Fibonacci level. If price breaks downwards, it will be heading to the 0.51 Fibonacci level.
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