A triangle chart pattern used in technical analysis, where the top level decreases and the bottom level increases at the same time and at similar speeds. Eventually the resistance level and support level will meet or converge. This pattern is thought to be an indicator of a time of consolidation, and as soon as the security's price breaks out above or below one of the levels, traders believe that typically the security will continue in that direction.
Related information about symmetrical triangle:
- Symmetrical Triangle (Continuation) - ChartSchool - StockCharts.com
The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower ...
- Symmetrical Triangle Definition | Investopedia
A chart pattern used in technical analysis that is easily recognized by the distinct shape created by two converging trendlines. The pattern is identified by ...
- Bulkowski's Symmetrical Triangles
Symmetrical Triangle Chart Pattern ... The figure to the right shows an example of a symmetrical triangle chart pattern. The consolidation pattern of the ...
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Introduction | What does a symmetrical triangle look like? | Why is the symmetrical triangle pattern important? | Is volume important in a symmetrical triangle ...
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Symmetrical Triangle and symmetrical triangle patterns, uptrend stock continuation pattern.
- Chart Examples of Symmetrical Triangle Patterns / Commodities
Symmetrical triangle in an uptrend (bullish). Measure the base, add it to the breakout point and calculate your target. It doesn't get much easier than this.
- Symmetrical Triangle Chart Pattern
With symmetrical Triangles, trend lines converge with the support line is ascending...
- Symmetrical Triangle
The Symmetrical Triangle chart pattern is formed when a stock's highs and lows converge together to form a triangle shape. Therefore, the stock is having less ...