SSkim, depends how you draw the upper trendline. I drew it to encapsulate the closes but some draw it through the highs which extends the length of the triangle and puts us around the 75% mark. Way I see downward triangles is the lower highs indicate decreasing demand while smaller bounces off support indicate the support is weakening.
Anyway, target only valid if support breaks. Could also bounce at 47c (previous support and 50% retrace from TOL highs 95c), which could set up a nice backtest of resistance at 55.5c then look out below.
descending triangle target 29.5c, page-10
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