The upper part of the triangle has been tested the most. Nice tight consolidation before earnings. Probabily I'd say favors the upside more than the downside, but be weary of a throw over or taking too big of a position without confirmation. Perhaps a starter Position then add more on confirmation. Especially Try to pay attention to Pre and Post Market movement here because that may be when confirmation comes in. Also Don't forget to set a stop in case you just get a "ThrowOver" or a "ThrowUnder"
Is this a descending triangle? If so, likely a bullish descending triangle, except for the huge gap down below? I drew my support completely horizontal. Just looking for insight. Still learning. thanks!
UncleBeeB
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@keVJoY ascending, descending, wedge. I wouldnt really use any here. it's really a wait and see triangle. I don't like this particular setup, too much to watch and the move could happen quickly. it does lean bullish. but it moves quick and I don't personally have time to prepare entry and exit that gives me any comfort. I consider this trade risky from a neutral perspective. but it should be a significant one when it happens. just can happen fast.. too many factors, I sit this trade out. I removed it from my watchlist and my charts because it's just not comfortable for me