Let's start off at a positive note, the bullish symmetrical triangle (yellow). For teaching and learning purposes, a symmetrical triangle that start with a high is normally bullish and same goes for a bearish symmetrical triangle but starts on a low(blue).
As you can see it can go either way based on the plotted chart so what we need to look for is a high volume and upward break out of the triangle within the next 3 days of the break out, if not, it can be bearish.
This can be inverted as well for the blue symmetrical triangle.
As you can see it can go either way based on the plotted chart so what we need to look for is a high volume and upward break out of the triangle within the next 3 days of the break out, if not, it can be bearish.
This can be inverted as well for the blue symmetrical triangle.