Symmetrical Triangle

Uber broke up from the triangle but experienced a throwback and is now back inside.

Any triangle can break up or down and is a neutral pattern until a trend in the direction of the break out is established.

Throwbacks hurt performance. A throwback is not a pull back. Pull backs are healthy and every security is expected to pull back and some point. Throwbacks can be temprary and defined as price breaking out past long entry level, or out of the pattern, then returning.

No recommendation.

I counted the first touch on the top trendline becuase price enter this consolidation pattern from below in the overall trend, but iffy on the short term trend. This one really could have the 1st touch placed on the bottom, your call. Often the 5th move within a triangle is the charm, but not always. Price can spend quite a while inside before the direction is determined.

There is also a gap under price.