Canada

The Canadian stock market has been forming a triangular pattern for years. If bearish it should have resulted in an ending diagonal on the brake on the lower side however it ended up holding the lower line and is now breaking out of the upside. The alternate scenario therefore is to consider this as a running triangle in a very large degree 4th wave, and the breakout amounts to resumption of the upward trend into a final blow off move that typically follows 4th waves.