/ES triangle forming

/ES just blasted off and is forming a symmetrical triangle.


Symmetrical Triangles: Important Bull Market Results
Overall performance rank for up/down breakouts (1 is best): 36 out of 39/34 out of 36
Break even failure rate for up/down breakouts: 25%/37%
Average rise/decline: 34%/12%
Throwback/pullback rate: 62%/65%
Percentage meeting price target for up/down breakouts: 58%/36%

Source: Bulkowski Pattern book