The white triangle is formed by the 3 important lines:
THE YELLOW LINE:
very important resistance line which is broken by the chart. you can have better look from the linear chart (the chart formed based on the close of each candle). so we are watching a nice pullback. this line made the 1st side of our triangle.
THE GREEN LINE:
this line is a long-term S&R line which is broken too. (zoom out the chart). in this case, the price is pulling back and made the second side of the triangle.
THE RED LINE:
as it's clear on the chart, this line is our recent uptrend line on which the price is respecting it. this is the 3rd side of the triangle zone.
it seems the triangle zone has enough potential to sent the price higher at least for 100 to 120 pips.
HAVE A LOOK AT THE 2ND SCENARIO, MARKED ON THE CHART.
Good luck...
THE YELLOW LINE:
very important resistance line which is broken by the chart. you can have better look from the linear chart (the chart formed based on the close of each candle). so we are watching a nice pullback. this line made the 1st side of our triangle.
THE GREEN LINE:
this line is a long-term S&R line which is broken too. (zoom out the chart). in this case, the price is pulling back and made the second side of the triangle.
THE RED LINE:
as it's clear on the chart, this line is our recent uptrend line on which the price is respecting it. this is the 3rd side of the triangle zone.
it seems the triangle zone has enough potential to sent the price higher at least for 100 to 120 pips.
HAVE A LOOK AT THE 2ND SCENARIO, MARKED ON THE CHART.
Good luck...