Technically, the chart could not be better. Triangle breakouts behave very similar to coiled springs. The triangle's resistance and support lines not only will define price but will define time. There is clearly, great congestion being created within the boundaries of the triangle and the sp is quickly running out of room for any more price swings. Breakout is imminent, IMO. 

There are certain characteristics of this setup that should occur prior to breakout and I will only list what I think is significant.

Price is above 50 dma.

There has been at least 3 tests of both R/S. (resistance/support).

Shareprice swings equal distance across the horizontal midline axis of the triangle.  

NR7 bar printed (narrowest range bar within the last 7 bars) and it is perfectly positioned with the triangle's center, right where is should  be. If we get the second NR7 signal, hang on to your seat because it is considered one of the best signals in all of technical analysis for this setup. 

The NR7- 2 signal may resemble a doji (+) or may even be a candle consisting of a small real body with relatively short shadows (top an bottom). For greatest strength, it will need to print near or touching one of the triangle's R/S lines. One of the next 2 price bars following the NR7- 2 should be the breakout price bar.

Another possible signal to look for prior to breakout is a long legged hammer that tests the lowest low within the triangle or around .54-.54. Price to close above 50 dma.

Truly, a classic coiled triangle formation.

Here's to PTSC success. Good luck to everyone, especially to all longs.

Regards,
PxP