2waytrading
Short

Symmetrical Continuation Bearish Triangle

NYSE:ICE   INTERCONTINENTAL EXCHANGE INC
121 0 2
It looks the price has broken downward out of a consolidation period, suggesting a continuation of the June downtrend. A Symmetrical Continuation Triangle ( Bearish ) shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks down below the lower trendline with a noticeable increase in volume as shown the blue arrow on the last volume column, confirming the pattern as a continuation of the prior downtrend
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