there is no determinate of a triangle breakout direction but what is a key indicator is the volume on the peak and troughs. Murphy (1999) indicates that weaker volume on troughs and heavier volume on peaks is a key indicator, and then heavier volume on the breakout is also another key indicator. He also mentions waiting for a couple of days for a breakout confirmation....
If you take a look at the BBG chart last few weeks you will see why....the last few days excluding today appeared like a breakout.....doesn't look like it will eventuate.....spew'n
triangles, page-12
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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