As we can see on the chart, WXY pattern is clear with an irregular X wave (because of yesterday's Fed news), but still valid and didn't break the low of wave W. A contracting triangle is forms wave B in the ABC pattern for wave W, even if a huge wick went out of it: closing above the downside of the triangle, this candle on H1 shows that the setup was still valid...
Follow up video to previous post
Got it wrong...going down? This ones giving mix signals. If this is the case, we are in a BEAR MARKET again. Maybe it will do a double bottom but unlikely.
Ignore as its not complete as I'm continuing the series of play with the tool. ** However I'm giving insight to a CONTRACTING or SYMMETRICAL Triangle at play ** Hope I get it right. :)