The red target would only happen if we break down from the current triangle in which case we would be triggering a h&s pattern. I think this is the least probable of the 3. The magneta/purple target is the measured move for if we are just breaking up from a symmetrical triangle. If it is more o a pennant instead of just a triangle then the target is the green target. I still think the bullish targets are the most probable outcome but am ready if it decides to break down. If it breaks up I could see it reaching the bullish targets by early q2 of next year at the latest.
Commentaire:
These targets will change slightly based on wherever the exact breakout point occurs of course.