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Symmetrical Triangle

Uncertainty to follow, no clear bearish or bullish signal...

· Basics,Trading,Triangle,Pattern

Overview

The symmetrical triangle pattern is created from a series of lower highs and higher lows — resulting in a funnel where there’s no clear sign whether the outcome will be bullish or bearish. It’s important to keep track of the prices to see if it break the upper or lower limits as it will usually continue in the same direction once the breakthrough occurs.

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