Continuation Patterns · Neutral
Symmetrical Triangle
Lower highs and higher lows converge. The break can go either way.
The two lines slope toward each other. Because neither side is flat, the pattern does not lean bullish or bearish until price leaves it.
This is an example of how traders often plan the pattern. It is not a promise that price will reach the target.
Identification
- Highs are falling.
- Lows are rising.
- The two boundaries converge.
- There is no directional bias until a close leaves the triangle.
Market context
Traders often look at the trend that led into the triangle, then still wait for the break.
Entry example
An example entry is the close outside either boundary, in the direction of that close.
Stop-loss example
An example stop is back inside the triangle, beyond the last swing against the break.
Target example
A common teaching method uses the widest part of the triangle as the distance. It can fail.
Common mistakes
- Deciding the direction before the boundary breaks.
Candlestick and chart patterns are probabilistic observations, not guaranteed trading signals. This page does not report a win rate.