SUMMARY
Back on February 15th, the below chart was posted. The symmetrical triangle was expected to breakout as the ABC was near complete. These patterns always have a variance range and precision is subordinate to direction. Simple trend following is to find the direction; that's why once you can find the trend, the trend becomes your friend.
Price declien further than expected but has finally broken out of the wedge pattern confinement. The inital rise has been impulsive with five waves up and seems to be doing the requisite correction in an abc or any other morphed pattern that becomes final. A second round of impulse up would be most ideal to further confirm a trend reversal.
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