A symmetric triangle is considered a continuation pattern, a pause and midpoint between the start of a larger trend and more of it later.
Steve is drawing a trapezoid because I think his topline is too high. If we move it a little lower ... Houston, we have got a problem.
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| /CL Triangle of Doom |
This boundary for the triangle suggests that we have already completed it, had an initial breakout above it, and returned to test it one more time (a "kissback"). Now it's "support".
Expect much higher oil prices. And blame Steve.
