The Greedy Trader Weekly Analysis
Sign In Feb 14, 2020
Skip Navigation Links

TA Search

Monthly Pattern:Symmetric Triangle
Number of records: 13
Archive
Sign In to see current Analysis.

Trend Analysis and Technical Indicators Scanner

- 2/7/2020 -
Your access is limited. Subscribe to see all 13 selected stocks.
Open Saved Filters How to use the Analysis page?
Symbol Weekly GFI Oscillators Trend Analysis Ranking Technical Candle Watch 
PriceChg%DailyWklyDailyWklyDailyWklyMtlyQtlyYrlySectorIndustrySignalsRanksticksList
ADSK 207.015.16%76.6687.47 8 128 6 Add to Watch List
ALXN 100.561.18%28.2439.61 9 72 Add to Watch List
CPB 48.881.01%49.9962.61 2 62 1 Downtrend Broken Resist.Add to Watch List
FXS 95.22-0.19%17.0743.42 1 Add to Watch List
GD 186.746.44%68.2858.16 6 88 3 Downtrend Broken Resist.Add to Watch List
GDX 27.93-3.66%36.4761.92 1 02/07/20	Bearish  Long Red Real Body
Add to Watch List
Help
Symmetric Triangle Chart Pattern Analysis - Symmetric Triangle Pattern.
A symmetric triangle pattern represents the area of indecision where the movement direction is questioned. Chart Pattern Analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of a larger trend, but it may also mark the trend reversal. Volume diminishes during the formation and explodes at the breakout. After breakout (similar to rectangle), support may turn into potential resistance and vice versa.
Tips:
# 1 As a continuation pattern, the symmetric triangle usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold short-term indicators. The symmetric triangle resets short-term indicators to neutral and then continues movement in parent's direction.
# 2 As a reversal formation, the symmetric triangle chart pattern appears in a mature trend characterized by overbought/oversold long-term and short-term indicators. This situation usually generates divergence on long-term indicators. For the best results, the symmetric triangle pattern should be considered together with other chart pattern analysis, technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
Symmetric Triangle Pattern,Symmetric Triangle Chart Pattern,Chart Pattern Analysis,chart pattern, charts, pattern, chart analysis, pattern recognition, screener, screening, Trading Signals
Stock Chart Patterns.
Price chart is the result of activity of all market participants. It reflects periods of high expectations, greed and fear. As most emotional human activities, it presents different patterns. Chart analysis and pattern recognition provide useful information for technical analysis, trend analysis and market timing signals for technical trading. Trendlines and chart patterns can be analyzed in different time frames: from intraday, daily and weekly frames, up to multi-year patterns. It is the best practice to analyze patterns in conjunction with other technical indicators. Each price pattern is formed by several smaller sub waves. At least 3 – 4 sub waves are required to perform a reliable pattern screening. We use minimal required number of sub waves for an earlier pattern recognition screener. On the other hand, pattern formed with more sub waves is more reliable.
Pattern screener - chart analysis and stock chart pattern recognition with chart patterns screening.
Chart Pattern,Stock Chart Pattern,trendline chart pattern, chart, pattern, chart analysis, pattern recognition, Pattern screener, screening, Chart Patterns Screening
Related Links
Hide Help
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

Copyright© 2004-2018 All rights reserved.