🔺 Symmetrical Triangle Pattern Explained
A Symmetrical Triangle is a continuation pattern that forms when the price makes lower highs and higher lows — creating a triangle that converges toward a point. 📉📈
It signals that buyers and sellers are in balance, but this balance is temporary.
💥 What happens next? Once the price breaks out of the triangle — either up or down — it often leads to a strong move in that direction.
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🔍 How to Spot It:
Price moves between converging trendlines
Volume typically decreases as the triangle forms
Breakout direction is key — it can be bullish or bearish
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📊 Traders Use It To:
Enter on breakout confirmation
Set stop loss inside the triangle
Set targets using the height of the triangle
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🧠 Remember: This pattern doesn’t tell you which way the breakout will go — you must wait for confirmation!
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🚀 Stay tuned for Pattern #4: Pennant Pattern
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