A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown.
A breakdown from the lower trendline marks the start of a new bearish trend,
The break occurred with an increase in volume and accelerated price decline.
A breakdown from the lower trendline marks the start of a new bearish trend,
The break occurred with an increase in volume and accelerated price decline.
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Disclaimer
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.