Symmetrical Triangles Explained
A symmetrical triangle chart pattern is a period of consolidation before the price is forced to break out or down. A breakdown from the lower trend line marks the start of a new bearish trend, while a breakout from the upper trend line indicates the beginning of a new bullish trend.
Tomorrow we could head down toward the 20day ma.
A symmetrical triangle chart pattern is a period of consolidation before the price is forced to break out or down. A breakdown from the lower trend line marks the start of a new bearish trend, while a breakout from the upper trend line indicates the beginning of a new bullish trend.
Tomorrow we could head down toward the 20day ma.
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