This is a beautiful ascending triangle. Defined as:
An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing lows. The two lines form a triangle.
www.investopedia.com...scendingtriangle.asp
On breakout, the wave should send this to the 3.50 area.
An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing lows. The two lines form a triangle.
www.investopedia.com...scendingtriangle.asp
On breakout, the wave should send this to the 3.50 area.