breakout

Price has trended up to this resistance level over the course of nearly 6 weeks.
 In that time there has only been one correction that returned 100% or more of it's initial impulse momentum move, like so:

 Taking that largest correction range we can add it to future momentum moves to determine valid breakouts, like so: (note, decisions based on a daily candle require the close of the daily candle.  Therefore, the breakout on 9/30 was determined to be false; leading shorts into positions.  We were then able to move the largest momentum box up to 9/30's high and wait for the low of that box range to be broken.  Of course it stopped dead on the lower boundary , but shorts were still in positions.  Said shorts were squeezed today).