EOS symetrical triangle

Sharing some basic patterns for those who may not be aware of them. This pattern is a very common trading pattern which often leads to a substantial move in the direction of the trendline break. The triangle is formed by multiple price moves going up or down to an area and then reversing thus forming a line. When a trendline going up coincides with a trendline going down we get a triangle. Although lower timeframe patterns are less reliable so something to keep in mind.
Chart PatternsTrend Analysis

Disclaimer