Symmetrical Triangle: A symmetrical triangle is
composed of a diagonal falling upper trendline and
a diagonally rising lower trendline. As the price
moves toward the apex, it will inevitably breach
the upper trendline for a breakout and uptrend on
rising prices or breach the lower trendline forming
a breakdown and downtrend with falling prices.
composed of a diagonal falling upper trendline and
a diagonally rising lower trendline. As the price
moves toward the apex, it will inevitably breach
the upper trendline for a breakout and uptrend on
rising prices or breach the lower trendline forming
a breakdown and downtrend with falling prices.
I do more in depth studies of stocks on my twitter account. Hope you would enjoy it there as you are enjoying it here.
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
****** Past performance is no guarantee of future results***
twitter.com/samitrading1