We have had lately plenty of triangles. More often then not the price will eventually come back close to the origin of a breakout.
It is often after the break out of triangle that the price will come back closely to the origin of the breakout. Besides, the whole structure looks like double correction. a-b-c, triangle and once again a-b-c SL 0.02340 TP 0.02550
Second attempt. Here again we have: 1) 5 waves down 2) broken trend line The most probable direction now is down. SL is around 555 (BITSTAMP) Profit area 505 - 510
We can see a nicely formed 5 waves down, which are marked here as "a". Wave "b" is deep and gives a perfect Risk/Reward Ratio. SL is 545 $. First goal is around 480 $
We had a strong 5 waves drop, which is marked here as "A or 1", then the corrective three waves move. What should come next is another leg down. After breaking the rising trend line (red colour) the drop should accelerate.
After the breakout from the triangle it's usual that the market will come back to visit the middle of it again. In our case it's around 446. Depending if go to this level in 5 waves or in 3, we could probably decide the further movement