Symmetrical Triangle

Symmetrical Triangle is a chart pattern used in technical analysis that is easily recognized by the distinct shape created by two converging trend lines.

Symmetrical Triangle

Symmetrical Triangle is a chart pattern used in technical analysis that is easily recognized by the distinct shape created by two converging trend lines.

 


Interpretation of Symmetrical Triangle

The pattern is identified by drawing two trend lines that connect a series of sequentially lower peaks and a series of sequentially higher troughs. Both trend lines act as barriers that prevent the price from heading higher or lower, but once the price breaches one of these levels, a sharp movement often follows.


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