Is it a triangle or a channel?

Hey guys,
After reading a handful of books and a course on the Udemy, just started day trading, and need as much advice as I can get, but don’t know if this is the right place to ask questions.
What do you see in the charts?
is this a triangle, I mean for a triangle to form should the price action go back and forth within its sides to be valid?
Or its just an uptrend channel?
Thanks a ton :slight_smile:

It isn’t either a triangle or a channel. There is no clear clue from this chart what price is more likely to do next. A good guide is to strip the chart down to candles/bars/line whatever you use, and stand at the back wall of the room to see what price looks like its going to do - seriously.

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Thanks Tommor, sounds like a good idea

So what defines a channel or triangle, I mean what validates your pattern?

Excellent definitions can be fund at, from Thomas Bulkowski.

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