The base range is the distance from the highest point of the range to our marked low point.
We then take this same distance to determine the potential size of the breakout
Note how close USD/JPY came to reaching this potential level
in my experience price often pulls back to the level of its breaks out before continuing in set directional trend, lets see if that happens.
Stop inside of , target still base range, proportional boxes give an idea of the momentum expected in short falls,
level based of major high/low points within descending , notice how it highlights key levels of price action within the
161.8% level also strong confluence with potential target
Channel commodity index also in steady down motion
Good Luck and Happy Trading :)