ENQ

Thanks remo. Yes, I'd agree with that - the height of the triangle taken from the breakout point. As you say, in this case it's 52 points from the 115/6p breakout to target the 84p low.

I think we must bear in mind, though, that with ENQ it hasn't got the longest price history so it's hard to justify a "normal" symmetrical triangle target.

Also, until close we can't be sure it's broken out and even then it could be false....well, you wouldn't want it to be easy would you lol!

This looks like it's made a perfect trendline backtest today (so far):



dl.dropbox.com/u/20815047/ENQdaily14_11_12.gif

I am short on this from 115p with targets at the 92.45p gap and 84p low.