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Symmetrical Triangles


Symmetrical triangle pattern in an uptrend "Bullish"

Symmetrical Triangles are areas of indecision. The market pauses and the direction is questioned. Typically, the forces of buyers and sellers are equal. The following is a typical symmetrical triangle pattern:

1. Buyers try and push the price higher but are met by sellers, while the dips are seen as bargains.
2.Each new lower top and higher bottom becomes more shallow than the last, taking shape of a sideways triangle.
3.Eventually, the indecision is met with resolve and usually explodes out of this formation. Volume usually increases during this period.

The opposite of the above is a symmetrical triangle pattern in an downtrend. "Bearish"


Symmetrical triangle pattern in a downtrend "Bearish"


 

 

        

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