Forex Education Center And Investment- Trading Forex Symmetrical Triangle,There are some patterns that traders use charts to analyze the Forex market trends. One of them is Symmetrical Triangle. Through this article the authors review about the shape of the chart pattern used in technical analysis along with examples and how this effect when this pattern emerged in the market.
Maybe this time the question comes in your mind; what it Symmetrical Triangle? And How do I take advantage of this pattern when he appeared on the market? Through this article the author will discuss the ins and outs of Symmetrical Triangle, in order to allow you to recognize and take advantage of its emergence.
Definition
Symmetrical Triangle is a continuation pattern that is formed from the previous trend. Where the price will continue to put pressure bullish, making prices continue to rise to the top, which marked the sharpening of the price on the chart. This pattern is common and almost every moment will arise.
Symmetrical Triangle is generally regarded as part of the consolidation period, before prices move up and identificated as one of the trendline (bullish). This pattern can be easily recognized because of its distinctive shape of the trendline is created from the two lines together, as a single series the lowest point and the highest point of the series that appear in sequence. Both trendline acts as a barrier that prevents the price moves towards the highest point, or low point.
How to use it?
The pattern will appear after the reinforcement has seen prices sideway.
But in reality once you give the line following the trendline, it will get the picture that the movement may have increased.
If the above pattern is not found, perhaps forming a sideway length price movements. And it is unknown where the next move. To clarify everything, you just give the line as in the example below.
If the pattern is similar to the example, the pattern can be interpreted bullish trend is still capable of driving.
Well, what if the pattern does not match the above example? There's another form of consolidation basic pattern is quite bumpy. This pattern is usually characterized by rising prices that continue to rise.
Conclusion
In determining the Symmetrical Triangle pattern, you must introspect against the trend is going. Where the price is not able to support weakened past the point earlier. One more thing you must remember about the Symmetrical Triangle pattern: This pattern will always be there in every price movement. So that at any time the price will form a pattern that is similar to the Symmetrical Triangle. Remember this pattern, then when the time comes, you will know how to move the next trend.
