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lauralea
Jun 20, 2023 3:39 PM

Symmetrical Triangle 

Hilton Worldwide Holdings Inc.NYSE

Description

Neutral until broken.
Top line slopes down and is resistance until broken. Then it becomes support.
Bottom line is support until broken. Then it becomes resistance.

Some would measure a triangle targets using the measure of the wide end then projecting it up or down from the break of the triangle. This one has not broken yet.

No recommendation
Comments
Quadzilla_83
I betting that when it hits the 200 dma its going to bounce and break the top. That's what I'm watching for now....
mjstach1
Thanks so much!!
lauralea
mjstach1
@lauralea, another neutral til broken rule...
lauralea
@mjstach1, LOTS ARE in those wait patterns. only thing to do is to trade them long when they hit support and set a tight stop/this one getting close to support but is risky as this triangle will break
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