Fairly big candle that closed above the neckline too and the bigger the candle the higher the probability that it can flip that neckline to support. However we all know how often price action will fallback below an invh&s neckline before the real breakout occurs, so for now there is no confirmation or validation that flare has broken up from this pattern just yet. We should know within the next 2-3 daily candles if its gonna breakout now or if its gonna go back under the neckline though if I had to guesstimate. Should it validate the breakout here, the breakout target is around .37 cents. *not financial advice*
הערה:
What I meant above was 3.7 cents not .37 cents. Hopefully the chart made that clear.
הערה:
After dipping back below the neckline after the original wick above it, it appears the 2nd break above the neckline has validated the breakout and we are currently en route to the breakout target. Readjusting the measured move line to the new breakout point actually moves the measured move target slightly higher into the 38 cent range.
הערה:
Always possible for consolidation or pullbacks to occur on the way to the full target.
הערה:
3.8 cents***
הערה:
Flare getting very close to the target now/
הערה:
Closing in on the target here.
הערה:
Target hit!