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Technical Analysis:
Symmetrical Triangle: Key Trading Pattern Analysis
A symmetrical triangle is an important continuation pattern that indicates increased volatility and potential breakout signals.
- Price moves within converging trendlines, forming progressively higher lows and lower highs.
- Reflects market indecision, with the possibility of a breakout in either direction.
- Breaking above resistance indicates bullish momentum strengthening; breaking below support signals the start of a bearish trend.
Trading Tip: Be sure to wait for confirmation signals before entering the market!