Symmetrical Triangle breakout imminent
In Symmetrical Triangle patterns the breakout typically occurs 73-75% into the pattern meaning a breakout in either direction is imminent.
Generally this pattern has a 54% chance of a breakout to the upside and a 46% chance of a breakout to the downside.
Wait for a breakout of the triangle and a retest which should confirm the movement in either direction.
Target zones for either direction are marked in yellow. This trade should net us a minimum of %15 in either direction.
Generally this pattern has a 54% chance of a breakout to the upside and a 46% chance of a breakout to the downside.
Wait for a breakout of the triangle and a retest which should confirm the movement in either direction.
Target zones for either direction are marked in yellow. This trade should net us a minimum of %15 in either direction.
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