Symmetrical Triangle

Symmetrical triangles are consolidation patterns and can also serve as a continuation pattern.

Triangles can break up or down.

No recommendation

A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Expectations are that price will turn one way or the other, eventually. It is simmilar to a bollinger band squeeze and will price go one way or the other.