Wednesday: Paradox and Infinity

Wake up this morning to find another lovely, well defined box to layout levels from. To draw the box, you search for two tests each of swing highs and lows, take the lower high of the upper end, and the higher low of the bottom end, and *presto* you have your box. General targets are a double down or up, the midpoints are useful too, as are their midpoints, if there's enough room. Scan multiple time frames/tick charts, range charts until one pops out at you. This one happens to be contained within a nice descending triangle...which is not a bullish pattern, unless the downtrendline is broken to the upside. It's usual measurement is double the height of the vertical leg...you can draw a parallelogram as well to create a channel, which won't measure as far as the triangle...price action here can tell you if this is going to pan out into a triangle-target, or a big ol' bull flag.