Symmetrical TriangleThis pattern is neutral until a trendline is broken with a trend in that direction.
Touch number 5 did not make it to the top trendline, so some would call this a partial upswing as it stopped short of the top trendline.
A Triangle is a consolidation pattern and any of the 3 triangles, Descending, Ascending or Symmetrical can break to the upside or the downside.
Possibly post Parabolic Arc and has just about nailed the .618 fib level. On average, an Arc will fall between the .618 and the .786 of the prior high after measuring from the ARC bottom to the Arc top using a Fib table. But an Arc can fall less or more than these levels. Arcs do not usually shoot down like a rocket as they did on the way up. It is often a slow, yet volatile process to reach the landing pad.
Some levels of hard resistance noted overhead.
No recommendation.
To guesstimate 100% targets for a triangle, some would take the length of the wide, open end and project it upward and downward, as this could break either way. There are different ways to do this and we are all different. Price is at the bottom trendline of the triangle in this chart which is support.
