A consolidation’s breakout may extend to a 61.8% range around the pattern without yet earning any confidence in being able to absorb a reaction back into the range and to extend the breakout. Retracing any shallower breakout can reverse more substantially in the opposite direction.
Study the setup’s historical occurrences here:
[videopress ATTYrViN]
This setup has occurred on the following dates:
- 08-11-17
- 03-29-23