apologize for my messy
possible path in red or blue within a symmetrical triangle. i consider this a consolidation pattern before a decisive move up or down. likely to be down since price was trending down before it started the symmetrical triangle. larger time frames of 1h, 2h, 4h macd is still below the 0 line. i dont think 1h rsi is low enough and does not have bullish divergence. we need a lower low.
possible path in red or blue within a symmetrical triangle. i consider this a consolidation pattern before a decisive move up or down. likely to be down since price was trending down before it started the symmetrical triangle. larger time frames of 1h, 2h, 4h macd is still below the 0 line. i dont think 1h rsi is low enough and does not have bullish divergence. we need a lower low.
