symmetrical triangle pattern trading strategy
Technical Analysis
Symmetrical Triangles
What are Symmetrical Triangles?
- Cruciform triangles dwell of two lines of equal slope converging to a signal in the future. The result is the appearance of a crabwise triangle with the base to the left and the point the right.
Why are Symmetrical Triangles important?
- A symmetrical Triangle implies that the market cannot decide whether to break up operating room down. Erst the triangle is noncontinuous by the damage, there may comprise a substantial move in the counsel of the break.
So how do I use them?
Symmetrical triangles can embody accustomed interpret large breaks in price. If the price breaks through the triangle to the downside, there may be a large make a motion down. Similarly, if the price breaks through the triangle to the upside, there may make up a large move up. We may use these to help identify trend or to support a Gartley or butterfly pattern.
Symmetrical Triangle (EUR/USD, 4 time of day)
Symmetrical Triangle (USD/SEK, 4 hour)
symmetrical triangle pattern trading strategy
Source: https://www.forex.com/en-us/education/education-themes/technical-analysis/symmetrical-triangles/
Posted by: millerdripse.blogspot.com
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