-Take a long position if the candle close above 209.
Stops are placed right at the center of the consolidation triangle. Either direction that choose to go should guarantee equal risk reward.
** Be patient on your entry! Watch out for throwovers, or fakeouts.
Originally, wanted to look short from 207 area bc that DL at 212 is like 4/5 bucks away for potential $15 dollar gain to next DL 190. I'll take that trade all day.
Now, that has turned into this: Can see alllllmost hit 190 target (low wick was 192) so potentially could call it close enough, and in any event up 10-15 on that trade 2x - 2.75x r;r. You have almost same thing here -- few bucks of upside to stop out, or same target, down 190, 3-4 up or 8 down, so close to 2x r;r.