Triangle breakout
At this moment, the most likely outcome is to reach 50 which is also aligned with a fibonacci resistence level obtained in a monthly time frame chart. The final target is the projection of the technical figure, in this case, 54.71 but given the strong resistence mentioned we could reduce our exposition at that level.The stop loss could be between 39.09 - 38.98 which is the horizontal line of the triangle and not so far away from another fibonacci support level.
P.S: Benefit/Risk Ratio is over 2.
P.S: Benefit/Risk Ratio is over 2.
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