A story of 3 triangles (3 OF 3)

20 3 0
Look at the three triangles in the linked charts to understand how triangle patterns can resolve.

The first triangle held for 2 days before the breakout.

The second triangle held for 3 days before the breakout.

The third triangle is still undetermined, but it will likely breakout before 7 days.
Good news = This finally broke out with a significant move on Day 7!

Bad news = It was an overnight gap so the move was mostly done by the time the markets opened. I don't have a great target for this triangle, but I will choose the height of the triangle, and choose $183.
Day 5 and SPY is still inside this triangle. I am expecting tomorrow to be the breakout day (up or down). Get your orders ready!
Today SPY tested the top of this triangle again, but there was no breakout today. We are running out of room in the triangle, so I think Monday will be the day.
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