Symmetrical Triangle
Form Classification: Continual and depends on the original trend to enter the triangle
Definition: A technical pattern that comes to confirm the continuation of the general price trend and consists of low top levels offset by rising bottom levels, trading within this model from weeks to several months, and gradually narrowing the trading range as we approach the top of the triangle.
Confirm Form Complete: Break the resistance level of the form ie the price has entered the form from the bottom
Objective: The widest distance between the two ends of the support and resistance of this model plus the point of penetration of the resistance of the model
Form failed: broken support level >>
Form Classification: Continual and depends on the original trend to enter the triangle
Definition: A technical pattern that comes to confirm the continuation of the general price trend and consists of low top levels offset by rising bottom levels, trading within this model from weeks to several months, and gradually narrowing the trading range as we approach the top of the triangle.
Confirm Form Complete: Break the resistance level of the form ie the price has entered the form from the bottom
Objective: The widest distance between the two ends of the support and resistance of this model plus the point of penetration of the resistance of the model
Form failed: broken support level >>