TAIWAN TWIXUSD - Different analyses, Different targets.

OANDA:TWIXUSD   Taiwan Index
The chart above displays a clear breakout to the upside from a 8 month long symmetrical triangle pattern .
The question now is where is this going? what could be a potential target?
Every time I open this chart blank I see something new. Based on different types of analyses below are 3 possible targets.

Option 1: Inverse Head and Shoulders

Option 2: Fibonacci Extension

Option 3: Uptrend Channel (5 year long)

No doubt targets for option 1 and 2 could be reached in a few years however given how extended the current move looks my immediate area of focus would be the top of option 3's uptrend channel . A pull back from there to the 420 region and a subsequent bounce from that area would seem like a reasonable scenario.

This analysis is for my own reference. This is not trading or financial advice.

Trade active: Just hit the top of the channel

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