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.
How to identify a Symmetrical Triangle correctly
1.The sides of the triangle slope equally (that's why it's symmetrical)
2.The triangle has lower highs AND higher lows – at least two of each.
3.It looks like a funnel, with the price “squeezing” from the left towards the right.
How to identify a Symmetrical Triangle correctly
1.The sides of the triangle slope equally (that's why it's symmetrical)
2.The triangle has lower highs AND higher lows – at least two of each.
3.It looks like a funnel, with the price “squeezing” from the left towards the right.