What is Bullish | Bearish Symmetrical Triangle

Bullish Symmetrical Triangle is another form of Continuation pattern, again this chart pattern is a combination of Support Line & Resistance Line, falling Resistance Line and rising support Line, Refer Chart

Key Fetures of this Chart Pattern :-

1. Overall Trend (on higher time frame) it should be strong,
2. Entry should be above the falling resistance and above the breakout
3. Stop Loss should be below the recent swing Low
4. Profit Target should be the double of Base point and Entry Point
5. As Trading Range shrinks the volume should decline but after the Breakout volume should increase

Lets study with Real time Example :-

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Bearish Symmetrical Triangle is another form of Continuation pattern, again this chart pattern is a combination of Support Line & Resistance Line, falling Resistance Line and rising support Line, Refer Chart

Key Fetures of this Chart Pattern :-

1. Overall Trend (on higher time frame) it should be Weak,
2. Entry should be above the Rising support and above the breakout
3. Stop Loss should be below the recent swing High
4. Profit Target should be the double of Top point and Entry Point
5. As Trading Range shrinks the volume should decline but after the Breakout volume should increase
6. Real Life Example :- (will be updated soon)