Anyone think these circled patterns resemble (perhaps not exactly) symmetrical triangles on a falling price?
Not sure how accurate a 4hour chart is but I'd say we are about to break down a bit here...
yep! something will happen at the end of the triangle, but I don't think we can be 100% sure about a fall.. In the middle of your chart we can see also a triangle followed by a rise (between your 2d and 3d triangles)
Yes, but there is one noticeable difference that I didn't get in the picture. The 3 that I circled were preceded by high volume, not the other one. (Actually, you can see a bit of the 3 tops I'm talking about).
But I agree with you, we don't know...