Symmetrical Triangles vs. Pennant Patterns: An Overview The symmetrical triangle and pennant are different chart patterns that are used in technical analysis to forecast price movements for traded ...

The symmetry pattern is formed when there's indecision in the price movements. At this price point, there's equal buying pressure and selling pressure. The prices form a zigzag shape.

For example, a symmetrical triangle pattern might start at a low of $10 and increase to $15 before the price range narrows over time. A breakout from $12 would imply a price target of $17 ($15 ...

Since the long-term trend of gold is up, the symmetrical triangle implies a breakout on the upside and is thus a bullish pattern. Gold 2010-2013 A symmetrical triangle is traced out when two ...

GBPJPY broke out of a 967 pip symmetrical triangle that had a target over 180.00. ... Encyclopedia of Chart Patterns stated that symmetrical triangles meet their upside targets 66% of the time.