This looks like a symmetrical triangle to me, which means we don't know which way it's going until it either breaks up or down out of the triangle, investopedia suggests that continuation of the major trend is more likely than a reversal but both are possible and it's hard to say either way until we break out.
1. This is not financial advice, don't invest what you can't afford to lose.
2. This is not even for educational purposes because I'm too new to this to be qualified as a "teacher" of any sort, this is just some ramblings of a new trader sharing what's on his mind.
Investopedia Triangle: https://www.investopedia.com/university/charts/charts5.asp
1. This is not financial advice, don't invest what you can't afford to lose.
2. This is not even for educational purposes because I'm too new to this to be qualified as a "teacher" of any sort, this is just some ramblings of a new trader sharing what's on his mind.
Investopedia Triangle: https://www.investopedia.com/university/charts/charts5.asp