There is a that I have been following for the past six days and I am amazed that the price has traced neatly inside of it. If the price can break 9030 then it is a sure sign written in the stars. Failure for it to break out with a decent then it indicates a fakeout and caution would be warranted for the potential to nosedive or just simply range. This pattern would be confirmed when a day closes outside of the trend.
This is a tall pattern at 23.87% and should perform better than one that is shorter.
StochRSI is really oversold which does give this indicator more validity should a breakout occur. Expecting ~60% of a breakout occurring. Despite that, we could throwback quickly back to the breakout.
Target breakout zone: 8176-7988.
Upward breakout target: 9832 (20.4%)
A has historically not been known to perform as well as many of the other chart patterns but it is still always worth taking a look at.
Good luck and happy trading.