The Grind

[Fibonnaci Kid]

Hi Plan Trader:
The price levels on my platform (in bold)seem to differ from yours. Please check (I have copy and pasted your text into this thread) and added my comments in bold:-
6/19 high 1634.3 (1633.29), then what about 6/15's (1633.78) high or 6/6 high which are both above that?

In a situation like this, we'd either play the first breakout on pattern breach, or we'd play the break of the nearest recent high prior to that (7/3 & 7/5 highs), or else we'd play the ultimate breakout past 6/6's high of 1642.4 ($1640.92). But to do that, then why bother tracking the symmetrical triangle which had entry a way's below that around 1620 or maybe slightly lower? See what I'm getting at? To me, 1634 is in the middle but already missed the breakout.
The symetrical triangle has already been broken in my opinion and we look to the outer triangle and the s/r candles levels (March to August). Hope that explains my reasoning. The inner triangle is still relevant as a support (bounce) or a break down - quite likely given the current market action.