paulwoll

Symmetrical triangle breakout setup...

BATS:ZNGA   ZYNGA INC
544 3 0
Looking right now for breakout of this heavy down trendline resistance. Note the trendline support coming up to.
Those triangles are continuation triangles most of the time... which means breakout to the downside...
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jmtbernardo Leclaireur
Symmetrical triangles are bilateral. Thus, it can go either way.
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snapshot


Looking like a nice setup for a fry pan bottom. I wouldn't look for a break out till it pushes through the 50 SMA somewhere close to the that black line.
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