The Symmetrical Triangle breakout has materialized today. Volume...

The Symmetrical Triangle breakout has materialized today. Volume is decent so far but should look better by the
end of the trading day. The Pink step line visible on the daily chart tracks the monthly close. RAC closed the
month yesterday near the top of its monthly range and higher than last month & sitting on the 5-day and 5-week
SMAs this look primed for a break today.
I am long today, I would like to see a close above the mid-point high of the triangle (3.55) for further confirmation.
The Minimum measured target is 4.06 for this pattern, but that weekly chart looks like it might be ready for a more
serious leg up, but still needs to prove itself for now...
My stop is relatively tight at 3.32. If it fails at the current level it could morph into more of an Ascending Triangle
(always a danger with this pattern) If that happens and I am stopped out, I will retry one more time on a subsequent
break (2 shots at atrade is my limit).

Below is a ratio of the price performance of RAC compared to IMU (which was very kind to me), IMU has seriously
outperformed since the beginning of March, but yesterday's close above the 5 SMA on the chart below is an early
sign (perhaps too early) of a potential shift in that ratio. Some investors rebalancing for some value? Not sure, but
as a Chartist, I am more interested in the "what" than the "why"...

GLTA