The Greedy Trader Weekly Analysis
Sign In May 26, 2023
Skip Navigation Links

TA Search

Weekly Pattern:Symmetric Triangle
Number of records: 40
Sign In to see current Analysis.

Trend Analysis and Technical Indicators Scanner

- 5/19/2023 -
Your access is limited. Subscribe to see all 40 selected stocks.
Open Saved Filters How to use the Analysis page?
Symbol View HelpWeekly View HelpGFI View HelpOscillators View HelpTrend Analysis View HelpRanking View HelpTechnical View HelpCandle View HelpWatch View Help
ADP 216.181.62%58.7243.56 10 102 2 Add to Watch List
AMP 303.873.59%71.4839.88 3 19 2 Add to Watch List
CB 201.180.45%59.1749.65 3 56 1 Downtrend Broken Resist.Add to Watch List
CCL 10.9411.29%80.8457.26 7 95 1 05/18/23	Bullish  Long White Real Body
Add to Watch List
CE 107.386.54%77.7638.38 4 66 3 Add to Watch List
CI 255.13-0.56%49.4127.54 9 54 1 Add to Watch List
CTSH 63.012.19%68.7450.53 10 46 05/19/23	Bearish  Dark Cloud Cover
Add to Watch List
DAL 35.597.10%74.4547.12 8 55 2 05/18/23	Bullish  Doji
Add to Watch List
DBA 20.78-0.24%54.9268.57 1 Add to Watch List
DLR 90.75-6.54%27.5031.94 2 44 1 05/17/23	Bearish  Thrusting
05/16/23	Bearish  Long Red Real Body
Add to Watch List
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.
# 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
Related Links
Hide Help
Warning: 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- All rights reserved.