#remsen Ind- symmetrical triangle breakout
Updated
Stock to watout for- Symmetrical triangle breakout!
Understand what is Symmetrical triangle!
1. Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes.
2. The breakout for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point.
Understand what is Symmetrical triangle!
1. Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes.
2. The breakout for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point.
Trade closed: target reached
from 185 to 710.. Massive returns
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.