For example, a symmetrical triangle pattern might start at a low of $10 and increase to $15 before the price range narrows over time. A breakout from $12 would imply a price target of $17 ($15 ...

Abstract black and white undulating pattern with vertical rows of interlocking shapes, creating a bold, rhythmic design. Abstract black and white undulating pattern with vertical rows of interlocking ...

The following diagram shows the three basic types of triangle chart patterns: the ascending, descending, and symmetrical triangles. We go into more detail about what they are and how they work below.

Key characteristics of symmetrical triangles include: A period of consolidation or indecision in the market Occurrence in both uptrends and downtrends Symmetrical triangles are considered continuation ...

Identifying symmetrical triangles in uptrends When a symmetrical triangle forms during an uptrend, it's often seen as a bullish continuation pattern. This means that the preceding uptrend is expected ...