This is more of an observation than a trading setup; though I am biased to believe we will see a run to 3 and then down to 4. Based on the last and current symmetrical triangle, for kicks I thought it would be interesting to see if the current cluster plays out in the same manner as the previous third (purple) cluster. It is amazing how similar the patterns have been.
Comment:
Well unless this daily closes back above 1245, then this pattern is void. I base my lines off of closing prices and it looks very improbable that prices will move back into the symetrical triangle prior to close today.
