50% chance we will break to the downside and 50% chance we will break to the upside.
Both scenarios equally likely. Risk to reward can be skewed with an adequate stop-loss at the bottom on the triangle as both scenarios are equally likely to play out.
Note
RSI plenty of room to move in both directions. No red flags with the MACD
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.