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.
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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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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