I am rather new at trading (learning hard though :-D) , so I am not convinced too much of what I am saying .. just trying to compare with your observation (and observation of the price action) ...
When we look at the triangle - we do look on the slopes of the trendline, right?
If the upper trendline is horizontal ... steam is generated below and price will break through up.
Similarly, if the lower trendline is horizontal (and triangle is closing on it from up) .. pressure is build above the support-trend line ... and will finaly break down.
If the triangle is simetrical - it could be either way with similar probability.
So .. I have never read about triangle something in between descending triangle (the lower line horizontal) and symetrical triangle - but it should be this one. And now I just think, wouldn't that follow, that the pressure related probability would be also something in between? I.E It can be either way, however breaking down should be still bit more probable than up?
Either way. I think, that SUB now reached its price floor and we might expect some rebirth :-).
When we look at the triangle - we do look on the slopes of the trendline, right?
If the upper trendline is horizontal ... steam is generated below and price will break through up.
Similarly, if the lower trendline is horizontal (and triangle is closing on it from up) .. pressure is build above the support-trend line ... and will finaly break down.
If the triangle is simetrical - it could be either way with similar probability.
So .. I have never read about triangle something in between descending triangle (the lower line horizontal) and symetrical triangle - but it should be this one. And now I just think, wouldn't that follow, that the pressure related probability would be also something in between? I.E It can be either way, however breaking down should be still bit more probable than up?
Either way. I think, that SUB now reached its price floor and we might expect some rebirth :-).