Symmetrical Triangles Symmetrical Triangles can be characterized as areas of indecision. A market pauses and future direction is questioned. Typically, the forces of supply and demand at that moment are considered nearly equal. The Following is a Typical Symmetrical Triangle Pattern Attempts to push higher are quickly met by selling, while dips are seen as bargains. Each new lower top and higher bottom becomes more shallow than the last, taking on the shape of a sideways triangle. (It's interesting to note that there is a tendency for volume to diminish during this period.) Eventually, this indecision is met with resolve and usually explodes out of this formation (often on heavy volume.) HERE IS A SAMPLE CHART WITH A SYMMETRICAL TRIANGLE PATTERN Few Stock Chart Patterns 1. Cup & Handle 2. Flat Base 3. Ascending Triangle 4. Parabolic Curve 5. Wedge Formation 6. Channel Formation 7. Symmetrical Triangle 8. Descending Triangle 9. Flags & Pennants 10. Head & Shoulders 11. Inverted Head & Shoulders

Save and Share! Stumble Digg Tweet Save Reddit More