Community Forex Questions
What is the Symmetrical triangle?
Because both sides of the triangle are inclined at the same angle, the name is self-explanatory. The model is neutral and difficult to use. As you can see, the situation is as follows. Values grow at minimums and decrease at maximums. Due to this pattern, tracking prices is extremely difficult. Therefore, when traders win trades, the price action becomes volatile. Long periods of time can be required to form this figure.
The symmetrical triangle is an equity chart pattern that occurs at the beginning of a major trend change. It can be identified by looking for two converging lines on either side and a third line that is more diagonal than the other two. The peaks and troughs of the symmetrical triangle create a balanced figure which is why it is called symmetrical. The horizontal line in the middle of the pattern signifies indecision and this indecision is what leads to the breakout of the market.

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