I have buy limits at 58.3 for the December 22 contract.
I got stopped out of the head and shoulder pattern last week for a loss, just barely, only to have it rocket higher this week.
On the long term continuation chart, it broke out of its descending triangle.
In my experience, these descending triangles after a big run up are usually reversal patterns. However, they can be traded as continuation patterns on a breakout.
An example would be Facebook. I gave thought to going long FB on last years breakout.
