Symmetrical triangles, on the other hand, are thought of as continuation patterns developed in markets that are, for the most part, aimless in direction. The market seems listless in its direction.

Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Alistair Berg / Getty Images A triangle chart pattern is a tool used in ...

Ascending triangle pattern breakdown target illustration. Beware of fakeouts. Some clues can be obtained by checking the accompanying trading volume. An uptick is typically seen as a sign of strength.

PEPE surged over 200% to $0.000025 by November 14. The symmetrical triangle suggests a potential breakout direction soon. Upside targets $0.000028; downside risks $0.000014 crash. PEPE has been on ...

XRP, the token closely related to Ripple Labs, is showing signs of a potential breakout as its price chart forms a symmetrical triangle pattern alongside other bullish technical indicators. XRP ...

How to Trade the Forex Patterns. In an uptrend, traders can place a stop below the pennant consolidation and place an entry order four pips above the highest swing high within the pattern.

Current price action shows a W-X-Y pattern with support being tested near $2.10, indicating a pivotal moment for its next move. The breakout direction from the descending triangle will provide ...