SUMMARY
Price broke out of the symmetrical triangle and vertically breached the upper blue line....just beautiful! IF this is any sign of the strength of the bullish run to come; it would be ideal!
Closeup shows that the breach was impulsive. Thus far, wave 1,2 and 3 are complete and 4 is in progress to complete. Wave 5 is next and should provide the first round of impulse to signal the reverse away from teh symmetrical triangle.
Inverted Head & Shoulders pattern still in play:
Here is the lnoger term outlook of price within the channel. The upper blue line needs to be breached. IF wave 1 and 2 are complete, then there is no better wave than 3 to do exactly that! Perhaps the overnight price action will get exciting but to the upside!!
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