breakout imminent, page-3

breakout reasoning 1. the base of the current triangle is 4 days

2. the sloping side conforms to a straight edge trend line and captures the bulk of action.

3. the horizontal edge of triangle has a valid short term and also long term resistance level in 3c

Went back to one of my favourite guppy publications - selected tactics for short term trading (snapshot trading). He mentions if it does break it usually lasts between 1 and 3 weeks.

Being conservative I'll wait until it takes out 4c and use the 22MA as a stop loss if it eventuates...

See a few others posting on it. Opinions?