AVZ chart, page-11674

Ok seem we had a Asc triangle break out with an uptick in volume today and a high at 61c (thus far) and a return to strong support zone atop the Triangle formation (prev resistance). I would be looking for a close above triangle top here as 100% confirmation of triangle breakout.

A retrace after a breakout is quite typical. In fact, so typical that its often called the "Professional Entry" in other words Pro's investors will not buy the initial breakout but rather are trained to enter on the 1st retrace after the breakout. As its generally viewed as the safer and higher probability option. Lets see if it plays out this way over the next few days or not.