Well, let me get back to the as this was to be a short post ('cause I'm tired and drained after this week). The TP1 has been hit for a cool +123 pips (from my entry. Your profits may vary depending on where you took this trade.). Is it going to get to TP2? I'm thinking yes. Having bounce off the lower twice in quick succession, I don't think it's going to do that again soon. If it does head straight back down there without first getting to the upper bounds of this triangle, then it's probably going to dive through that lower and start a new down trend.
But let me leave you with this.....food for thought for next week....isn't it pretty? I'll be doing an analysis on this over the weekend. Till then...have a good weekend!
Sep 18th Weekly Indexes newsletter: http://bit.ly/2w2ODMH (FREE Access)
Want results like this? Join us: http://bit.ly/29x4bfM