Similar patterns and breakout reactions so far. Of course it does not have to follow that pattern. So you should always follow your Exit Strategies should it deviate from your plan too much.
Thoughts about the boxes for breakout upwards being measured by earnings? Earnings seemed to drive last breakout and similar pattern could have already been realized since most recent ER.
tradearcher
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The boxes are not measured by earnings. Just the movement from its breakout point. I take the psychological point of view that the traders in this pattern were waiting for another breakout and jumped aboard.