Symmetrical Triangle Pattern. Target 1.3K-1.6K
Hi everyone,
I'm plotting this symmetrical triangle with potential targets wherever the pattern is going to, up or down.
Symmetrical Triangle patterns are mostly a continuation pattern. Since we're coming from a down trend, we may continue going down. See Targets 1 & 2.
Still, there's a small chance that we will go up. See Targets 3 & 4.
Cheers,
Juvs
I'm plotting this symmetrical triangle with potential targets wherever the pattern is going to, up or down.
Symmetrical Triangle patterns are mostly a continuation pattern. Since we're coming from a down trend, we may continue going down. See Targets 1 & 2.
Still, there's a small chance that we will go up. See Targets 3 & 4.
Cheers,
Juvs
Nota
We're near the top of the triangle. Do we breakout from here (dashed green line) or do we crash (dashed red line)?GREEN LINE: It needs to break the resistance and make it a support by bouncing off the top of the triangle before heading to our target.
RED LINE: It needs to break down the support, go up to test as resistance, and go down to our target.
Nota
We're outside the symmetrical triangle, but we can still create an ascending triangle
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.