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📚 Price Action: How to trade symmetrical triangle chart pattern in binary options turbo trading

2,963 views · Published 24 February 2018 · 29:57 · Indexed 19 October 2026

Channel: BO Turbo Trader · 2018 · Education

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Indicators: 
EMA 3     (blue)
EMA 20   (yellow)
EMA 50   (orange)
EMA 100 (red)
EMA 200 (purple)

Bollinger Band Period 20 Deviation 2 (green)
Bollinger Band Period 20 Deviation 1 (white)

The trend should be at least a few months old and the symmetrical triangle marks a consolidation period before continuing after the breakout. In Technical Analysis of Stock Trends (1948), Edwards and Magee suggest that roughly 75% of symmetrical triangles are continuation patterns and the rest mark reversals. A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs.

The triangle can be a continuation or a reversal pattern. Although, more often it is a continuation pattern. There are three types of triangles: symmetric, ascending, and descending. For trading purposes they are all the same, the just look different. A triangle forms when the price action narrows over several price swings. The pattern works best when used as a continuation pattern. This means that before the symmetrical triangle pattern forms we need to have a prior trend (bullish). The prevailing trend prior to the ascending triangle chart pattern can provide a clue about the triangle breakout direction.

The symmetrical triangle is a great chart pattern for mid-day trading. In this article we will cover a simple method for trading this reliable pattern. SYMMETRICAL TRIANGLE IN A NEW UPTREND (BULLISH). Symmetrical triangle in an uptrend (bullish). Measure the base, add it to the breakout point and calculate your target. It doesn't get much easier than this. SYMMETRICAL TRIANGLE IN AN UPTREND (BULLISH). 

Symmetrical triangle chart patterns Triangles are a popular price pattern that traders use. There are several different triangle patterns that can. 

Symmetrical triangles are chart patterns that have prices forming between convering trendlines. 

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