ENQ

Hi
I have been keeping an eye on this to buy for the longer term. Like you waiting to see what happens in this triangle. I was wondering, how you would calculate, I suppose what I am asking is that I know you take the height of the triangle to calculate target, however in this case where would you take the height from?
Thanks
G

I've been watching this for ages in this huge symmetrical triangle wondering which way it will break. RSI is now suggesting that it's going downwards: dl.dropbox.com/u/20815047/ENQdaily26_10_12.gif

My strategy here would be to wait for the RSI backtest. This should coincide with either a final touch on the triangle resistance prior to breakdown or a price backtest after a breakdown.