Symmetrical Triangle Pattern
Learn to recognize and trade a symmetrical triangle pattern through interactive charts.
This blog is reader-supported. Please open a trading account through our links to buy us a coffee. Affiliate commissions keep our reviews impartial and ad-free.
What is a symmetrical triangle pattern?
A symmetrical triangle is a consolidation pattern in a trend, which could be either up or down. It is similar to a pennant, except that it unfolds over a longer period.
On average, 75% of symmetrical triangles are continuation patterns and 25% are reversals. This means that you should wait for a breakout either up or down, before opening a position.
- Nike (NKE) Symmetrical Triangle stocks
- Cleveland-Cliffs (CLF) Symmetrical Triangle stocks
- EURUSD Symmetrical Triangle forex
- FTT (FTTUSD) Symmetrical Triangle crypto
Symmetrical triangle duration
This pattern usually develops over 3 months, but can last anywhere between a few weeks and several months. Patterns that occur over 3 week or less are considered pennants.
Symmetrical triangle characteristics
A symmetrical triangle is formed as two trendlines converge.
- This pattern marks a consolidation phase in either an uptrend or a downtrend.
- The pattern must contain at least 2 higher lows and 2 lower highs.
- The price action should fill the space between both trendlines.
Trading volumes should fall as the pattern takes shape and prices start trading in a tighter range. You could think of this as the quiet before the storm.
Symmetrical triangle trading tips
Wait for a breakout to open a position. Go long if the price breaks above resistance, and short otherwise. The ideal breakout occurs 50% to 75% through the pattern. Breakouts that occur earlier may be premature. The breakout must occur on rising volume to be valid.
Trade 55 currency pairs, cryptocurrencies and CFDs on stocks, indices and commodities with market ... MoreTrade 55 currency pairs, cryptocurrencies and CFDs on stocks, indices and commodities with market execution. EagleFX supports all trading styles, including hedging and scalping on MT4.
- $10 deposit
- 1:500 leverage ?
- 0.7 pips EUR/USD
- Regulators: Dominica
Trade on raw spreads plus commissions through the Forex.com platform. Prices are sourced from top-... MoreTrade on raw spreads plus commissions through the Forex.com platform. Prices are sourced from top-tier liquidity providers. The more you trade, the lower your commissions.
- $100 deposit
- 1:50 leverage ?
- 0 pips EUR/USD
- Regulators: USA