SYMMETRICAL TRIANGLE FORMATION
15 May 2019 By PDSNETTwo converging trendlines, more or less equally but inversely sloped, which connect a series of peaks and troughs. A break out upwards signals the beginning of a bull trend. A break downwards signals the beginning of a bear trend. In a symmetrical triangle formation, both trendlines slope towards each other meeting at a central point. An ascending and descending triangle differ in that one of the trendlines within the formation is horizontal. As with other formations, a confirmation signal strengthens the formation, and gives further weight to the break up or down out of the triangle.
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