Dash Symmetrical Triangle

Based on the daily chart we can see that the price movements formed a symmetrical triangle. This chart pattern can be a continuation pattern or a reversal one. It depends on which line will be broken. Now we have the triangle on the top of the uptrend. If price breaks the resistance line of this pattern, we'll get a confirmation of a continuation of the main uptrend. In order to catch this movement, we can place pending orders for buy above the resistance line of the triangle at 320.00 level. Stop orders should be placed below the local low at 270.00 level. The main profit target is 400.00 level. The part of trade volume can be left for long run. Alternative variant, if the price breaks the support line of the triangle and SMA100, this pattern will be a reversal one. We should expect for further downward movement at least to 200.00 level.