ROUTE MOBILES.
Symmetric Triangle Pattern Formation with +VE Breakout Took Placeat CMPThe symmetrical triangle, which can also be referred to as a coil,
usually forms during a trend as a continuation pattern.
The pattern contains at least two lower highs and two higher lows. When these points are connected,
the lines converge as they are extended and the symmetrical triangle takes shape. You could also think of it as a contracting wedge,
wide at the beginning and narrowing over time. Price Target: There are two methods to
estimate the extent of the move after the breakout. First, the widest distance of the
symmetrical triangle can be measured and applied to the breakout point. Second, a trend
line can be drawn parallel to the pattern's trend line that slopes (up or down) in the direction of the break. The extension of this
line will mark a potential breakout target.
Symmetric Triangle Pattern Formation with +VE Breakout Took Placeat CMPThe symmetrical triangle, which can also be referred to as a coil,
usually forms during a trend as a continuation pattern.
The pattern contains at least two lower highs and two higher lows. When these points are connected,
the lines converge as they are extended and the symmetrical triangle takes shape. You could also think of it as a contracting wedge,
wide at the beginning and narrowing over time. Price Target: There are two methods to
estimate the extent of the move after the breakout. First, the widest distance of the
symmetrical triangle can be measured and applied to the breakout point. Second, a trend
line can be drawn parallel to the pattern's trend line that slopes (up or down) in the direction of the break. The extension of this
line will mark a potential breakout target.