6E - Triangle / Falling Wedge

With few tools that are freely available on most charting software, nice setups like these can be found to help putting the odds in your favor. It is interesting that the same pattern is falling wedge on 3200 tick chart, while it is a channel on 15 minute chart.  However, the divergences on MACD is visible on both charts. Notice the Fibonacci levels that are observed on these moves.  The triangle pattern on the 1 hour chart on right shows the negative divergence on the early 2 peaks that begun to build the triangle pattern. So, the entire time it was being traded to build the triangle, which was some 20 hours, the direction it will break to has already been decided. Good to know.