For the love of God do not trade this triangle traditionally. Today at 14:00 PM is FED Rate decision, and its likely that's going to screw the charts up. So DONT trade this triangle traditionally. Currently i'm in a trade right now, and will likely close right before the rate decision if I see what my gut says to anticipate for. Which is the purple line. But all 3 are very valid. If the purple line happens then I'd expect a reversal back up after it goes down. This is about to get ugly. And evil. Evily Ugly.
Comment:
Very lackluster Rate movement. Of course, maybe NONE of these scenarios play out and price plays the triangle LOL fml