A Symmetrical Triangle is a chart pattern that is formed by two converging trendlines that connect a series of lower highs and higher lows. This pattern is characterized by a series of price swings that are getting smaller and smaller, creating a triangle shape on the chart.The symmetrical triangle pattern is considered a continuation pattern, which means that it indicates a period of indecision or consolidation in the market. Traders often watch for a breakout from the pattern, either to the upside or downside, as a signal to initiate a trade.The direction of the breakout is not predictable and it's not always clear which way the price will move once it breaks out of the pattern. However, the strength of the breakout can be used as an indicator of the potential direction and strength of the future price movement.Traders often look for other technical indicators such as volume or momentum indicators to confirm the breakout before taking a trade. The symmetrical triangle is considered a neutral pattern, which means that it can lead to a bullish or bearish move depending on the direction of the breakout.It is important to note that the symmetrical triangle pattern is not always reliable and it should be used in conjunction with other technical and fundamental analysis to make a trading decision.
