There is mini double top in the zone 54-55. Once price crosses that range & sustains looks to travel upside to previous swing marked by yellow line. Its a 8 year triangle in RCF since 2008's fall.
Beautiful Pole with vertical bars, 3 bars consolidation and breakout with volume all makes it a good trade-able Flag pattern. Enter on the dips(if it happens) or at the price level where stop loss of 54.5 is affordable for a target of 67.
As shown on the weekly chart, RCF is about to complete a 8 year old symmetrical triangle.
What makes it special is-- there is a good inverted Head and Shoulder price pattern (S-H-S) in last leg.
Breakout is above 54 - 58 zone targeting 130+++
As can be seen there is first possibility of H&S breakout with sl @45 on closing basis and first target of @65-70.
2nd possibility is for triangle breakout which can give target @ 120 approx.
Chart for educational purpose only.
