TradingView
Notorious_Trader
May 6, 2021 5:30 PM

Symmetrical Triangle Pattern Spotted in Silver R:R 1 : 2.4  Long

Silver FuturesMCX

Description

A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend.

Symmetrical Triangle pattern spotted in weekly time frame and this about to breakout with good risk reward .
Silver is in Overall Uptrend.
It took 270 Days to form this symmetrical triangle Pattern.
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