1. CONTRACTION PHASE 2. EXPANSION PHASE 3. AWAITING ON TREND PHASE TO BEGIN
SEEING HOW THIS PANS OUT TOMORROW ON THE BREAKFAST BREAKOUT I WOULD BE EXPECTING TO SEE THE PRICE MOVE BACK UP AND GIVE US A BUY TRIGGER OF 1.22148 WHICH IS IN LINE WITH THE AVERAGE PRICE LINE FROM THE CONTRACTION PHASE. A TIGHT STOP LOSS JUST BELOW THE NEW LOWEST LOW A TARGET PROFIT OF 1.2400