worm i must ask you since i too use triangles and patterns in general big time in my trading when they develop. now we all know that ascending triangles usually break to the upside unless it is a bear flag (which may be the case here considering the consolidation at at the low) but have you considered that chart you posted is really just half of a massive inverted h&s on the daily? I agree with your analysis that double top could play as a strong resistance but if broken....all hell will break loose to the upside do you not agree?...it could lead to 1.65...
btw..that double top may be the neckline to the inverted h&s im reffering to
btw..that double top may be the neckline to the inverted h&s im reffering to
Different opinions highly valued, ignorant to slander.