There is hardly ever a perfect pattern. The most recent one doesn't look too great. Price can fall out of a and rock back in as you will see. Therefore drawn have to be estimates.
From experience only, recovery from the base of - when the happen tend to get closer to the notional apex of the or exceed them. As I said, there is no rule - because these formations do not rule the markets.
often don't work. These descending shown are in a bull market, hence the expectation is for price to recover. This market could be collapsing when looked at from a higher time frame. Therefore, I do not expect a good retracement up on the most recent . But I'm always happy to be surprised. My strategy here, is to follow a 5 to 10 min trend up as far as it will go. That means, no targets.
I am aware of much that has been written about out there by many a guru. I do my own thing with these formations. I also know that go by different names. Call it what you want - the important issue is the general shape. I am not a expert.
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