Symmetrical Triangle

Symmetrical Triangle
This is the method of design trading that depends on the continuation pattern. Continuation pattern include Descending Triangles, Ascending triangles, rectangles, flags, Pennants and wedges.The continuation patterns are regarded as powerful trading equipment as they generally result in highly low risk trading chances and remarkable returns. It is generally known as the strong continuation design whose targets are extracted by adding the biggest vertical height of a triangle to final level of breakout. Generally, this type of triangle takes place when indecision in the market where the purchasers are making an attempt to push the costs higher but are generally met with the resistance by the sellers. A sequence of rallies move on, each one lesser than concluding and the triangle starts easing upward gradually.