In the previous article What is a triangular pattern? including two types: *ascending* and *down triangle*. In both types of triangle price patterns Resistance and support lines move in one direction (converge), but have different slopes.

In this article, I will talk about a price pattern shaped like a right triangle or isosceles triangle, that is, a symmetrical triangle. Check out the discussion below:

## What is a symmetrical triangle pattern?

Symmetrical triangles are price patterns formed by resistance and support with slope (slope) and moving in the same direction (convergence), so the picture is similar to an isosceles triangle or right triangle.

different from *ascending* and *descending triangle *The last two patterns consist of resistance and support lines. One is a slope and the other is horizontal. This pattern is also different from the wedge pattern. where both lines have the same slope but the angle of inclination is different

In addition to at least two formations *high low* and *high low*The symmetrical triangle should be filled with smaller trading volumes. This continued decline in trading volume strengthens the expectation that market prices will consolidate.

even if it can happen at any time But in general, this pattern can occur completely after 3 weeks to 3 months if a similar pattern appears before the time frame. Many traders will consider it a flag pattern or another price pattern.

Therefore, to identify this pattern You should therefore be careful. The reason is that besides the pennant The shape of this price pattern is more or less similar. *price action patterns* Others, such as wedges, flags, what sets this pattern apart from others are the resistance and upper support lines. *symmetrical triangle* Move in the same direction (converge) with the same degree of inclination.

## What does a symmetrical triangle mean?

This single price pattern often appears during consolidation. During this period, both selling and buying pressure are strong. So it takes time to decide who is superior. When the market determines who is dominant Then the asset price meets a breakout. (Break the resistance because *buying force* force) or collapse due to force *sell*.

However, some sources say that this format is also a *continuous pattern* of the current trend, that is, if a symmetrical triangle appears in the middle of an uptrend The price also tends to rise. and vice versa

## example of a symmetrical triangle

From Figure 1 above, it is clear why you need to be careful when identifying this price pattern. During February – September The pattern that forms the national flag, however, if you only look at it from March to July. (The area surrounded by blue and green lines). The resulting pattern is a symmetrical triangle.

The pattern above is known as a symmetrical triangle. This is because it is clear that the slope of the resistance line 1,2,3 is the same or almost the same as the slope of the support line 1,2,3 and both move in. same direction (convergence) to form an isosceles triangle.

## How to trade using symmetrical triangles

Here’s how to trade using this single price pattern:

**Make sure a breakout or breakout occurs when a pattern occurs or**. A breakout or breakout that occurs before half of the pattern occurs. may occur prematurely (Not necessarily that this pattern occurs.) But if a breakout or collapse occurs after the resistance and support approaches their confluence (apex), it is possible that The trading signals generated do not matter.**Use the furthest distance between resistance and support as a reference. make a profit and the point of confluence (apex) is the stop loss reference point.**. Like other triangle patterns, the furthest distance between resistance and support. The point of confluence is the point of confluence (the beginning of the formation of the pattern) as a reference for profit and the confluence point as a reference for the stop loss. regardless of the direction of the breakout occurring (Breaking through resistance or support)

For example, the distance between Resistance 1 and Support 1 is $5.8, while a breakout occurs when the price is at the $3 level, so you can take profit when the price reaches $3+$5.8 or $8.8. Conversely, you can place a Stop. Loss at the price level of $3, $3.1 or $2.9 basically which is close to the price level of the confluence point

## Pros and cons of symmetrical triangles

Compared to an uptrend and a downtrend triangle The disadvantage of this format is that it is harder to identify. This is because many things like the slope of resistance and support have to be the same. It takes a long time to identify and their shape was similar to other forms.

Despite these shortcomings But a symmetrical triangle is a fairly accurate continuation pattern. Judging by some analysis, 75% of the pattern appearances of this pattern are signs of trend continuation. while the rest show the opposite.

However, this pattern still needs to be accompanied by other technical indicators. This is because comprehensive technical analysis tends to produce more accurate trading decisions.

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