If the price action breaks out above the new top rail we’ll have a that has been in consolidation mode going back to February which is a nice amount of time for a consolidation pattern to develop for this type of move. On the other hand if the price action breaks below the bottom rail then we’ll have a . My experience has been that the original pattern is the correct pattern with the morphing process just making the pattern a little bit bigger.
Also keep in mind this could be a halfway pattern to the upside if we get the breakout above the top rail. Also these types of patterns that slope up in the direction of the trend tells us the impulse move is very strong. So we wait for confirmation one way or the other.