Symmetrical Triangle
A symmetrical triangle forms when price makes both lower highs and higher lows, converging toward an apex. It's a neutral pattern that can break either direction.
Understanding the Concept
Unlike ascending or descending triangles, this one doesn't favor bulls or bears. It's a coin flip—until it isn't. The break direction usually continues the prior trend, so check what happened before the triangle formed. Volume decreases as price compresses, then explodes on breakout. Trade the breakout, not the prediction. Wait for price to close outside the triangle with volume, then enter with a stop on the opposite side. Target the triangle's widest point added to breakout level.
Real-World Example
After a strong rally, Solana forms a symmetrical triangle with price squeezing between $120 resistance (falling) and $100 support (rising). Prior trend was up, so odds favor upside breakout. When SOL breaks $120, traders target $140.
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