symmetrical triangle
A symmetrical triangle implies that the market cannot decide whether to break up or down.
Once the triangle is broken by the price, there may be a substantial move in the direction of the break.
Symmetrical triangles can be used to interpret large breaks in price.
If the price breaks through the triangle to the downside, there may be a large move down.
Similarly, if the price breaks through the triangle to the upside, there may be a large move up.
Once the triangle is broken by the price, there may be a substantial move in the direction of the break.
Symmetrical triangles can be used to interpret large breaks in price.
If the price breaks through the triangle to the downside, there may be a large move down.
Similarly, if the price breaks through the triangle to the upside, there may be a large move up.
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