Is that a right angle triangle?
I see a trend line and what looks like a support.
That is it
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Yeah… Looks like a triangle to me too. !
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Its a triangle but there’s no way to be 100% sure what will happen next. A chart pattern is not a prediction of the future, its a theory which you follow in the search for profits. So a pattern provides an entry point and an exit point, you incorporate these into your plan and hope it works. All strategies have losing trades so even if you don’t make a profit that doesn’t mean this wasn’t the pattern you thought it was.
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It’s always a 50% chance. ALWAYS!
Risk management or doom!