Introduction Symmetrical Triangle cashbackforexprofitcalculator also known as equilateral cashbackforexcalculatorOnline, in general, symmetrical triangle is a finishing pattern, that is, the cashback forex calculator Online will continue to move the original trend It is composed of a series of price changes, the magnitude of the change gradually reduced, that is, each change in the highest price, lower than the previous level, cashbackforexpipcalculator the lowest price than the previous lowest price If we look at the price movement from the horizontal direction, the upper limit is a downward sloping line, the lower limit is an upward sloping line, the short-term highs and lows, respectively, connected by a straight line, we can form a symmetrical triangle Symmetrical triangle volume, because of the smaller and smaller price changes and decreasing, is reflecting the long and short forces on the market hesitant wait-and-see attitude, and then when the price suddenly jumped out of the triangle When the price suddenly jumps out of the triangle, the volume then becomes larger If the price breaks through the resistance line (must be matched by large volume), it is a short-term buy signal; conversely, if the price breaks down (under low volume), it is a short-term sell signal Pattern Analysis The so-called collapse refers to the stock price after a period of rapid change, that is, no longer forward and narrow changes in a certain area up and down, and then continue when the time is ripe This shows the past trend of the pattern is called collation pattern Symmetrical triangle consists of a series of price changes, the range of change gradually reduced, that is to say, each time the highest price change, lower than the previous level, and the lowest price than the previous level is high, a compression pattern, such as from the horizontal direction of the stock price changes in the field, the upper limit for the downward sloping line, the lower limit for the upward sloping line, the short-term high and low points The volume of the symmetrical triangle decreases due to the smaller and smaller price changes, and then when the stock price suddenly jumps out of the triangle, the volume becomes larger Market Meaning The symmetrical triangle is formed because the forces of buyers and sellers are evenly matched in the price area, temporarily reaching a state of equilibrium, and the stock price falls back from the first short-term high, but is quickly absorbed by the buyers. However, the buying power does not have much confidence in the market, or is a bit doubtful about the future, so the stock price fails to rise to the last high and turns around and falls again. The wait-and-see attitude of both buyers and sellers has narrowed the small fluctuations of the stock price, forming this pattern. The volume of transactions in the process of forming the symmetrical triangle has been decreasing, reflecting the indecisive wait-and-see attitude of the good and bad forces towards the future market, making the market temporarily silent. If the stock price breaks through the resistance upwards (must be matched by high volume), it is a short-term buy signal; conversely, if it breaks downwards (under low volume), it is a short-term sell signal. The minimum upside measure of a symmetrical triangle is when the stock price breaks upwards, draw a straight line equal to the bottom from the first rising high of the pattern. We can expect the stock to rise at least to this line before it meets resistance and the speed of the rise will be at the same angle as before the pattern started.
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