WAX Symmetrical Triangle - 500% Potential

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

Use the lower side of the triangle as a stop loss.
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