this type of pattern is formed after an upside down side momentum which we call consolidation
whenever such a pattern is found in the chart,then we have to take the high and low on the horizontal line which means add support resistance and wait for the price to exit the horizontal line either the price will go down or else upside .
whenever such a pattern is found in the chart,then we have to take the high and low on the horizontal line which means add support resistance and wait for the price to exit the horizontal line either the price will go down or else upside .