I have something resembling a symmetrical triangle, but it's not confirmed yet.
Firstly, the support and resistance trendlines only have 2 points, which means they aren't validated at all. By only trading validated trendlines and zones with more than 3 points, one can increase their success ratio.
If price falls from where it is now to the support and bounces from the support trendline, we will have a valid symmetrical triangle setup. If not, I will have to look elsewhere for my trade.
No need to be hasty, be patient instead.
Firstly, the support and resistance trendlines only have 2 points, which means they aren't validated at all. By only trading validated trendlines and zones with more than 3 points, one can increase their success ratio.
If price falls from where it is now to the support and bounces from the support trendline, we will have a valid symmetrical triangle setup. If not, I will have to look elsewhere for my trade.
No need to be hasty, be patient instead.