Long

Symmetrical Triangle

Updated

Dear traders:

What I Know For Sure:

1- The Symmetrical Triangle generally occurs during ranging periods.

2- Edwards and Magee (1948), suggest that roughly 75% of symmetrical triangles are continuation patterns.

3- Breakout needs volume confirmation.

4- What is the most bullish chart pattern? The bull flag.

Possible scenarios are shown in the chart.

Personally: (roughly 99.99% of symmetrical triangles are continuation patterns) bullish :)

Note

Note

41600 $ touched,

Note

BTC-XLM

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by BTC-XLM

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