Symmetrical Triangle Forming Up
Nearing a multi year symmetrical triangle monthly , if we see a bull push over the next week I suspect by the FOMC meeting, the scale of probability will significantly increase for continuation. However, if the current hourly trend turns , the likelyhood that symmetrical triangle has been verified increases and will continue to increase as more time frames follow; with significant downside. Allocate appropriately and respect the trends, disregard the fud, and good luck!!