NO do not include the spike, this pair is clearly in a ranging sideways channel waiting for the market to make a decision on which way to go for a breakout.
see attached chart there was a triangle shortly after that also not the triangle previous to the spike which is my fav target bell or bear pyramid or equilateral.
Hindsight is so great!.. Enjoy
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If you look at the first post your it is entirely a different image.
In this image, anyway this is not a completed pattern to me.
However the pattern just before the bull drive in this image is a completed triangle which signaled the bearish movement.
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draw the trend line like you’re connecting the dots, so like how the blue line is. And if you see how price eventually broke out of the trend and retested back at the same level. Then look for some type of price action, like a gravestone doji, bearish/bullish engulfing, etc for a possible entry. At the same time, I don’t know what kind of trader you are, whether you’re a day trader or swing trader, but just draw your trend lines from point A to point B
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