@dzuro, Triangles are formed by the price getting compressed into a smaller and smaller price area, until finally it breakouts . exact time none can predict that, but as long the price is still ranging and pushed toward the pointed structure and still inside the triangle then this pattern still valid and could breakout any time soon. keep an eye on volume for momentum.
dzuro
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@alamico, Is there a chance to go downward, or is it unlikely in this pattern?
alamico
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@dzuro, Everything is possible in trading, all we can do is to anticipate the market, as i said if the candles stay inside the triangle and it didn't break down then still potentially pattern is bluish and market will breakout towards the top and reach new high.