ThaoVuDuc

ThaoVuDuc

Pattern Analysis: Symmetrical Triangle Formation with Potential Breakout 🔷 Pattern Overview: The chart illustrates a Symmetrical Triangle Pattern with the following key points labeled: • Point A (bottom of initial rally) • Point B (peak of rally) • Point C (retracement low) • Point D (lower high within the triangle) The price has been consolidating within...

ThaoVuDuc

1. Overview of the Symmetrical Triangle Pattern The symmetrical triangle pattern is formed when: • Lower highs (B < D) • Higher lows (C > A) → This indicates price compression and market indecision, leading to a potential breakout. This pattern is often a continuation pattern, but in some cases, it can signal a reversal, depending on the breakout...