Beautiful Triangle

xProphet

Active Trader
Jul 27, 2013
64
0
27
Occupying Wall Steet.
It has been a while since I've seen a definition perfect triangle...

I was flipping through my charts and was greeted with this:


"Symmetrical Triangle"



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What the hell is a "Symmetrical Triangle"?:

A 'Symmetrical Triangle' is a continuation/consolidation pattern that breaks in the (you guessed it) "direction of the trend..(but doesn't "have to") The Triangle differs from a "pennant" or "wedge" by the price range and time it takes to form.