๐บ Symmetrical Triangle Pattern โ Master the Breakout ๐ฏ
A Symmetrical Triangle forms when the price consolidates between two converging trendlinesโone descending, the other ascending. It represents market indecision, as bulls and bears battle for control.
๐ Why It Matters:
This is a neutral pattern, but it often leads to explosive moves once the breakout happens.
โ
Breakout Above = Bullish Momentum
๐ซ Breakout Below = Bearish Reversal
๐ Volume Confirmation Is Key:
Volume declines during the patternโs formation
Volume spikes during the breakout
๐ Thatโs your confirmation signal to act!
๐ง Smart Trading Strategy:
Wait for a confirmed candle close outside the triangle
Enter in the direction of the breakout
Place stop-loss slightly inside the triangle to manage risk
Target profit using the height of the triangle added to the breakout point
โ ๏ธ Pro Tip:
The trend before the triangle often predicts the breakout direction โ always trade with the broader context in mind!
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