What Is Symmetrical Triangle Pattern And How It Works?

What Is Symmetrical Triangle Pattern And How To Set Target?

Story: Mohd Javed November 30, 2022

The symmetrical triangle pattern is a continuation pattern that accelerates the prevailing trend movement.

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This triangle pattern usually provides a short-break period after a drastic move.

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Thus, the consolidation within this symmetrical triangle pattern allows the prices to stabilize before it resumes the original trend.

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A candle closing beyond these trendlines will give an entry signal and encourage a directional rally on the respective side.

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As per the technical setup, the target level of this pattern is calculated by measuring the distance between the initial high and low of the triangle.

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The traders can use this method to predict the potential move and book target nearby at some important chart level.

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