NG1! is making a symetrical triangle wich may broke on high side
First I draw a major trending line starting on early 2014 touching a high point on November 2014.
Second, I draw another trending line touching 3 points: on early 2015, May 2015 and on last week high.
These 2 lines are making a focus point near 2.90$ on early July.
Then I draw symetric triangle with upper trending line starting around mid May and touching last week high, the bottom trending started around end of April touching early June bottom making a focus point with first major trending line discribe above at 2.75$ near end of July.
Considering we were at a major bottom in April 2015 the exit of triangle may be on the high side with a price target around 3.50$ wich is corresponding to the trading range wich occured from August to Sptember 2014
Second, I draw another trending line touching 3 points: on early 2015, May 2015 and on last week high.
These 2 lines are making a focus point near 2.90$ on early July.
Then I draw symetric triangle with upper trending line starting around mid May and touching last week high, the bottom trending started around end of April touching early June bottom making a focus point with first major trending line discribe above at 2.75$ near end of July.
Considering we were at a major bottom in April 2015 the exit of triangle may be on the high side with a price target around 3.50$ wich is corresponding to the trading range wich occured from August to Sptember 2014
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