Hi Mowibble your breakout is actually at the next fib level up...

Hi Mowibble your breakout is actually at the next fib level up from mine (which is at 50%,) I like your time line projection and the way you have back tested it but I am not familiar with that as a trading trigger as such.
I also see the current level makes sense as an accumulation level(and offers further resistance) in the reverse H and S pattern, We can both be correct if it takes another two weeks to run up to your cup height..

I was actually about to post the possibility of a slight retrace (called a throwback attempt) shortly and a strengthened double breakout point above 40 as often happens on necklines, while this is what has just occurred I dont think it was long enough at 3 days..


PS you may find Cand H patterns are trend continuations.but thats in an ideal world....and we sure aint got one of those..lol

Please butt in more often..
john