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The triangle breakout arrived as expected, the target has been reached but the story is not over yet, the key resistance zone is testing the bulls' and bears' resolve, and this afternoon's movement is worth watching closely.
Now that violent breakout has occurred, instantly reaching the technical price target of the pattern.
But don’t get me wrong, just because the target has been reached doesn’t mean price can’t go higher.
On the other hand, we’re now trading right inside an important resistance zone, so the developments throughout the rest of the day will be interesting to watch.