Symmetrical triangles tend to continue in the same direction which would indicate a downward movement from here. (definitely can break up as well though) The target of a symmetrical triangle breakout is the distance from lowest point to the next highest and use that amount from the breakout point.
Note
As of right now we have appeared to have broken lower... Here is what I'm looking at possible resistance levels and last target. Note
So it faked a breakout down and now is above the trendline... Not moving alot so would be careful trading these.The last time we had a fake out both ways we went down alot...
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.