People draw triangles in many ways and I think it almost depends on which part of the country(s) you come from in how its labeled. I put two possible triangles, one falling wedge (solid yellow line) and a converging triangle (bottom dashed and top solid yellow line) and their corresponding high range if either one are confirmed. They could be drawn to each individual eyes and they both have a little leeway for a couple of more days of consolidation although getting pretty tight. I also believe one needs a little space in between the designating points. But I'm sure there can be more lines drawn, my graph was getting pretty full, didn't want to get too exotic.
But triangles are not triangles until after the fact and are confirmed with breakout and can be voided and new ones formed to take their place. Just a breakout to watch for and a high and low range and time period estimation if they happen.
But in my eyes there are other things that have to be payed attention to here also. For example the fact that we are reaching extreme limits on the Heikin Ashi candles, we have reached the low range established by the previous wedge breakout (pupleish wedge lines and the corresponding horizontal high and low blue lines), and we are entrenched in a larger longer term falling wedge pattern that could be broken up and IMO is indicating a reversal overall, the Chaikin is up, and we are getting oversold. Thats just my one graph.
You would have to post a pic of your triangle lines in order for me to see what you see, due to there is a lot of different versions to this stuff. Why I was showing examples based on the computer projections of different versions in the previous charts for a comparable basis.
I am interested in what your prospective is though on your particular view of your triangle and what convergences or divergences your seeing if you care to post a graph. I'm only stating what colors or view my eyes see and it really does take all views. No one person can see it all, thats for sure.
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