No probs @perdantI've updated the chart after todays bar (yes,...

No probs @perdant

I've updated the chart after todays bar (yes, that's allowed). The SP held up well given the fall in POG and the wider market sell off. The symmetrical triangle remains in play. Remember that it can go both ways, and there is often a break and retest. I look for a closing price outside the triangle pattern to determine direction, hopefully with a confirmation candle/pre-market auction signal the following day, and generally ignore the wicks. It's charting and it's fluid.

Here is a good link for a symmetrical triangle pattern.
The Symmetrical Triangle Trading Strategy Guide (tradingwithrayner.com)

You've measured the price target correctly, but think of it more as a window. If I'm looking to take a profit on a parcel then I will err on the side of caution to guarantee a win. In this case 44, but as I have the luxury of being able to watch price action all day, again I can be fluid in my plans. With NXM price target being close to the magic 50 mark, I would look to do a 50/50 split with the profit taking parcel and lock in a trade at 44 and then another if/when 50 gets breached. It'll take spectacular news to hold 50 on the first attempt.

It's all up to your individual goals with how you play it. I'm financing my house renovation plans this year through the market, so I'm focused on going in hard on high probability wins and locking in profit. If NXM runs to $1 I won't b*tch about missing the run, I'll just focus on my next stock. For my mind, the long game is staying in the market, not necessarily staying in a particular stock.

GLTAH