Symmetrical Triangle (Intraday stock selection for 7/9/2020)

The symmetrical triangle is a chart that can be recognized by its lower highs and higher lows. When two trend lines converge with the converging trend lines connecting and containing several peaks and troughs, then this pattern is indicated.
Once one of those peaks “break out” of this barrier, it can indicate a powerful bullish or bearish movement that investors can take advantage of if they know how to look for it. If the breakout point is manifested at a trough point, this can indicate a strong movement into bear territory and an excellent indication that it is time to get out. If the breakout point is at a peak, this can indicate a bull movement and a good time to invest.