Ok after a discussion on the day-trader forum I have revisited the chart and found a second declining wedge that has also been broken by the recent trading. Interestingly this one forcastes the second target in the chart (135). The first smaller wedge forecasts between 112 and 117 while the large wedge break forecasts 135'ish. An interesting coincidence, but also two different approaches to modeling price targets that are giving the same targets.
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