No disrespect. But just because you don't trade it or see it, it doesn't mean its bullshit. They are a phenomenon that takes place in every market and coinciding with other factors such as the overall wave count can give you incredibly accurate entries. Not that I am promoting these set ups. But they just work.
Like I said, it is just my point of view, no need to argue. We all have our own thoughts, thats fine. In 10 years of trading I saw these triangle things millions of times, and I see that they work out 50/50. Its like flipping a Coin in the air. I agree that the one has to draw these patterns right, and I see masters drawing them like PRO's and market goes direction they draw, thats fine, but about these triangles, like I said, my experience shows that this is gambling. No offence! Good luck!