Unveiling Hidden Symmetrical Triangle and Saving from Fakeouts

This weekly chart post highlights key price action elements in a sideways pattern, focusing on zones, trendlines, and a subtle symmetrical triangle for educational observation. Green demand zones and red supply zones frame the overall range, while the white counter trend line traces internal fluctuations. The dotted red line uncovers a hidden symmetrical triangle, where converging lines often lead to breakout rejections observed as fakeouts

Key Chart Features

-Demand & Supply Zones: Green areas mark demand support, red zones indicate supply resistance, revealing price reactions within the sideways structure.
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-Counter Trend Line: White line connects minor highs and lows, illustrating counter-trend swings that define the internal rhythm amid broader consolidation.

​-Hidden Symmetrical Triangle: Dotted red outline exposes the converging pattern, a consolidation coil with balanced higher lows and lower highs, frequently trapping breakout attempts.

Disclaimer: Not a SEBI-registered advisor. This is purely educational on price dynamics, supply-demand, trendlines, and hidden patterns—no investment advice or forecasts. Past patterns do not guarantee future results; conduct your own analysis.