Trading the Symmetrical Triangle on EURCHF Currency Pair using the H4 Chart. Wait for a close below diagonal support level. After the candlestick closed below the level, diagonal support turned resistance. Next, wait for price pull back to the resistance line for the retest. Watch for a pin bar or rejection candle to form. The ideal condition is to have a pin...
Trading the Pennant (Symmetrical Triangle). Wait for a close above/below the diagonal level. In this case, wait for a close below diagonal support resistance level. After the close, diagonal support turned resistance. Next, watch for a pin bar to form at the Resistance Line, EMA 10, EMA 20 in a Pull Back.
Enter at closing price of the pin bar, break of the...
Hello guys
We have 5 sub-wave correction which form 3-3-3-3-3.
If we expand our view we see that in each symmetrical triangle we have ABCDE.
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Cheers :)
Triangles are among the most reliabiable of the continuation pateerns. There are 3 types of Triangles with forcasting value.
Ascending Triangles
Descendung Triangles
Symmentrical Triangle
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope.
The market isn't giving anything away as usual... what do you think this triangular correction is?
Please leave a comment!
*Disclaimer*
This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only.
Do not trade or speculate based solely on the...
So you been trading for a while and got stuck in a symmetrical triangle apocalypse? let me make it easy on you:
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**** Facts:
1. Triangle: At-least 2 lower highs, 2 higher lows to start the trend.. (in total 4 points)
2. Trend: Usually happens after months of one...
Here is an example of a symetric triangle pattern played out on the 4hr XRP/USD chart. Im starting to see these triangle patterns more and more whether it be considered a pennant or whatever. The results are similar regardless of what you call it. Price gets squeezed towards the end of the formation and at a certain point it shoots up or down. The tricky part is...
The D3 chart looks a lot more promising than the smaller TFs at this time. A pennant/symmetrical triangle is currently printing and a bullish break should have price targeting the $4150/60 level as well as place price just under the neckline of the possible purple IHS that some people are watching. RSI continues printing an ascending channel but traders should...
Dear All,
If you follow my previous TA, this is the part of it and a details analysis on the breakout of the Symmetrical Triangle. Since this is Educational TA, let me explain in details;
What is Symmetrical Triangle?
1. Symmetrical Triangle is a continuation Pattern. So you need to look where is the entry. For this case, the entry is from bearish trend. Once...
Hi All,
Previous Bear Flag and Raising Wedge Target is complete and lets see latest pattern.
Since Daily Stoch still bearish, we probably will go another bear pattern. Symmetrical Triangle. Symmetrical is a Continuation Pattern. Since the Entry is from bearish trend, it will continue going downwards. MACD and stoch RSI in 2 hours look bull, but probably denied...
VNQ formed a symmetrical triangle. It has two trend lines. One uptrend line is acting as support while the downtrend line is acting as resistance.
This triangle contains three highs lower and three lows higher. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape.
The symmetrical triangle can be...
ETHUSD formed a symmetrical triangle. It has two trend lines. One uptrend line is acting as support while the downtrend line is acting as resistance.
Contains three highs lower and two lows higher. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape.
The symmetrical triangle can be continuation or...
