This looks like a channel, so I say it is a channel. The interesting thing about channels is that you will almost never get all price points on the lines. Price can break up and out then return in, or break down and out and come back in, or break totally out and stay out.
But it's an opportunity for those who plan carefully.
Stay safe. Don't get the Indian variant of the virus. Don't splurge your money. Blah blah! LOL. 😁😂
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which has a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.