C&H Rectangle Rising Wedges

GPN seems to be in a Rectangle for now and it's chart looks a lot like Visa's chart a week ago. V appears to breaking up and out. A Rectangle is usually a continuation pattern and often breaks in the direction of the prior trend. GPN is forming a cup and handle pattern due to the time it has spent consolidating in the apparent rectangle so is no longer a V bottom. GPN has been in several rising wedges as well but fell out of the most recent one at 173.8ish and proceeded down to 158.23. It looks like it is recovering from the bearish rising wedges it has traveled in from the bottom...but this stock is obviously having trouble from somewhere that seems to be holding it back and is why I went digging. The ascending triangle broke down instead of up. Perhaps GPN has the flu..dunno

A look at the 30 MA, which is flat for GPN, as is the 50 MA, can be used to confirm the pattern.
Folks swing trade this pattern or you can wait for the break out of the rectangle. Some follow the rule that the security must clear the top trend line of the rectangle by the width of the rectangle before you go long. In this case, that would be take the stock to a new high. If you use this rule, Visa has not cleanly broken from it's recatangle yet. Others wait for confirmation of an uptrend after break of trendline in the direction they plan to trade. I take a look at the monthly and weekly candles and look to see if the 30/50 moving averages have tilted upward. In this case I would go with a clear up trend after break of R to go long and a hammer as the monthly candle as well as the MAs tilting. But I like this particular stock so I know I have to be careful. Volume does seem to be picking up
This is not a recommendation.

This is not an exact science unfortunately )o: I would have thought this stock would have busted out on earnings. That's what I get for thinking..lol

Mid Rectangle is a possible stop for either direction someone trades this. I am watching for now