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A symmetrical triangle chart pattern primarily symbolizes a volatility contraction in the market. In other words, the market’s volatility is slowly shrinking and may soon breakout or breakdown. This pattern is observed when a share’s price is consolidating in a manner that generates two converging trend lines with closely aligned slopes. This chart pattern itself shows an ongoing period of share price consolidation before it is forced to breakdown or breakout. If the lower trendline experiences a breakdown, this marks the beginning of a new bearish trend. Alternatively, if the upper trendline experiences a breakout, this implies the beginning of a new bullish movement.