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neutral Signal
Symmetrical Triangle
A symmetrical triangle is a consolidation pattern where price makes both lower highs and higher lows, converging toward an apex. It can break in either direction.
How to Trade
Wait for a confirmed breakout above or below the triangle before entering. The direction of the breakout determines whether to go long or short. Volume should increase on the breakout.
Market Psychology
Both buyers and sellers are becoming more hesitant, leading to a squeeze. The pattern represents indecision in the market, and the eventual breakout shows which side has won.
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Rectangle
Technical Diagram
This visual represents the ideal candle formation and breakout points for the Symmetrical Triangle pattern.