1. Triangle breakout. 2. Higher High, Higher lows. 3. Bounce from previous Fibonnaci levels - Rectangle box - 1, 2,3 are .38, .50 & .786 respectively. Rectangle 4 is 1 so, we should see some retracement to this level and then a move up. 4. Good Risk Reward.
Consideration:
1. Price may not retrace from a to 4 and just go up... ( rare :-) ) 2. Price may retrace to the base of triangle . 3. Price may turnaround from a and go further down as this level has been rejected in past - but if it breaks, we are good.