This trade will try to take advantage of the break out of the triangle which it's been forming for some time now. As usual in this kind of trade, we set our target a bit less than the height of the triangle. And guys please dont forget your stop loss.
We are approaching top of the current cycle. Combining Elliott's waves and Fibonacci retracement we can see the end of ATH is close. In this analysis, we can see how the same study is successfully applied in previous two cycles.