Index it at horizontal resistance. However, you can see that we are beginning to put in an ascending triangle
. Typically you would look for it consolidate some more and bounce again off the trendline
before breaking high. A break higher would put the target as the height of the ascending triangle
. We talk about this in the Weekend Preview here: https://youtu.be/GGDo6Vx5p28
Please share your comments and ideas below.