Fake break out on Thursday? Volume was there, it peirced it's support line, but closed below it on Friday. There's about 3 more days until it reaches the apex of the triangle. Could this be an indication candle? In the book I'm reading right now called "Trade Your Way to Financial Freedom" by Van K. Tharp, he talks about this type of candle. Where a few days before a drastic move up or down there's a candle that paints a long tail upwards or downwards. The direction of the tail is the direction of where the price will be heading in the next few days. This might very be confirming the Bullish Ascending Triangle I'm now seeing on the chart. The safe entry would be above the resistance line at $1.22 with the first target being $1.30 for gains of 6.5%, followed by the next resistance level at $1.42 for gains of 16.3%. You stop loss should be the upwards orange trendline. A close below that should be your stop loss signal.

See chart here.