Symmetrical Triangle Pattern
The symmetrical triangle is a neutral pattern that forms when price makes lower highs and higher lows, creating converging trendlines. It indicates indecision and typically continues the prior trend when it breaks out.
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Download ChartedKey Characteristics
Trading Tips
- ✓Wait for breakout in either direction
- ✓Trade in direction of the prior trend for higher probability
- ✓Volume should increase on breakout
- ✓Be patient - don't trade inside the triangle
Signal Strength & Reliability
Symmetrical triangles continue the prior trend about 60% of the time. They're considered a consolidation pattern showing market indecision. The breakout direction is unpredictable, so most traders wait for confirmation.
Symmetrical Triangle FAQs
Common questions about the symmetrical triangle pattern
Symmetrical triangles can break either way, but statistically continue the prior trend about 60% of the time. Don't predict - wait for the actual breakout and trade in that direction with proper confirmation.
Breakouts typically occur in the final third of the triangle's length (toward the apex). If price reaches the apex without breaking out, the pattern may fail. Volume usually contracts as the pattern forms.
Measure the height of the triangle at its widest point (the base). Add this distance to the breakout point for upward breaks, or subtract it for downward breaks. This gives you the minimum expected move.
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Disclaimer: Charted provides technical analysis for educational purposes only. This is not financial advice. All trading involves risk. Always consult a licensed financial professional before making investment decisions.
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