Watching for Consolidation Breakout in Gibson Energy (GEI.TO)

Gibson Energy has formed a triangle just above a former high. A breakout of the recent and small consolidation could indicate a breakout of the larger triangle pattern. This could see the price push higher over the next several weeks to months. The target of a 27.50 is a measured move estimated based on the triangle height and prior price waves.

Favorable risk/reward of more than 4:1, but the trade has not triggerd yet.