CTM in descending triangle and thoughts on a breakout

Descending triangle pattern looks like being established, although I'd like to see three verifications of the pattern rather than the two we have here.

I am considering the following three possibilities going forward...

Option 1: Breakdown within triangle to 0.465 before resuming upward trend.
Option 2: Breakdown out of triangle to 0.395 (top of 'GAP' and 200 day average) before resuming upward trend.
Option 3: Breakdown out of triangle to 0.345 (effectively filling the 'GAP') before resuming upward trend.

I have seen the GAP filling idea in operation before, but can't remember where. It will be interesting to see if that happens here.

Commentaire:

Well, looks ike we exited the triangle in a better way. It's pretty much sideways and up now.