Validation of Trading setup would come in the form of breakout of prices above $15 and continue to first objective $19 which is the upper trend line and $21 which is last peak.
Invalidation of the trading setup would be a convincing break below $14.oo which is a major support line.
Observations :
1. Prices is within upward sloping trend channel.
2. Prices has consolidated into a triangle within the trend channel.
3. Prices seems to be in an A-B-C formation with anticipation of C wave.
4. Prices trapped within moving averages.
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