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What makes a symmetrical triangle breakout?

Symmetrical Triangle Breakout There are two key components to a symmetrical triangle breakout: price and volume. For a breakout to the upside, you want the stock to close decisively outside of the triangle formation with a pickup in volume.

What does a symmetrical triangle mean?

The Symmetrical Triangle is usually a continuation pattern. It represents a pause in the existing uptrend after which the original uptrend gets resumes. A breakout from the upper trend line marks the continuation of an uptrend while a breakdown from the lower trend line marks the start of a new bearish trend. This pattern is...

What is a symmetrical triangle price target?

The price target for a breakout or breakdown from a symmetrical triangle is equal to the distance from the high and low of the earliest part of the pattern applied to the breakout price point. For example, a symmetrical triangle pattern might start at a low of $10 and move up to $15 before the price range narrows over time.

How long does a symmetrical triangle take to form?

A Symmetrical Triangle pattern usually takes a few months to form. If the duration is only a few days or weeks, then it’s probably not a Symmetrical Triangle and possible another Trend Continuation pattern (like Flag, Pennant, etc.). Don’t make this BIG mistake when trading the Symmetrical Triangle, here’s why… Now…

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