We’ve looked at reversal patterns (head and shoulders pattern and inverse head and shoulders pattern). In this lesson, we cover continuation patterns, specifically the symmetrical triangle pattern.
Natural gas turns down and drops to a five-day low as heads towards a test of support at the lower boundary line of a symmetrical triangle. At this time of this writing the low for the day was 1.63, ...
The Dow Jones Industrial Average’s early attempt to wipe out the bearish “symmetrical triangle” pattern failed miserably, suggesting a breakdown, and eventual new lows, may be looming. Symmetrical ...
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors. SPDR S&P Homebuilders ETF (XHB) has been forming a Bullish Symmetrical Triangle pattern over the past six months ...