Triangles are triangles, whether they are Symmetrical, Ascending, or Descending and price can break either way, up or down. All 3 types are neutral until a trendline is broken and a trend in the direction of the break has started.
I see three triangles. 2 symmetrical triangles are inside a large . It is a messy chart due to all of the commotion, but the dashed lines are triangles. Price is inside the smallest triangle right now which recently formed. It appears to share the top trendline with the other 2 triangles. The medium sized symmetrical triangle has already broken to the downside and seems to have recovered most of the ground lost during that fall. (orange arrow marks the break of the bottom trendline of this symmetrical triangle) The larger triangle appears to be a , but the support of the larger, saved price from possibly falling any further than that the bottom trendline (support) when it fell from the Symmetrical Triangle.
BA is approaching the resistance of the top trendline (which is the top trendline for both of the triangles that I see). The 50 daily ( ) is barely over price and appears to possibly be causing some resistance. Moving averages can also act as levels. A candle wick did break through the 50 today. It is considered a scenario to have price over the 50. The 200 (red) is sloping up, meaning long term everything looks good right now. It would be good if the 100 (yellow) could get on top of the 50 (o: If the 50 crosses up through 100, that would be . Moving averages change just like any indicator, and just a week or so price was under the 200 and now it is a healthy distance above it.
A while back, negative was very low on BA. NV (negative ) went from very low to very high when price hit the 2nd bottom and remains high. Negative can indicate smart money and I like to see it because I know they will come in if it approaches that level.
There are pocket near the first bottom (green triangle below left bottom). Institutions buy within consolidation periods and during uptrends. This buying will leave behind a signature, and that signature is called a pocket . The definition of a Pocket is the day’s must be larger than any of the down days in the prior 10 days.
I apologize if this is confusing )o: I will probably dream about triangles tonight. (o: