Mike
Don't expect the "E" wave to hit the upper line as it often doesn't.
Also keep in mind that if it breaks down, the triangle has signalled a sharp move down but also one that terminates the move.
So it will be sharp and short and the widest part of the triangle is a good measure.
Less often these triangles can break upward so the upper line is important.
Often the apex of the converging lines is a low or bounce point for the market.
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