Back to Chart Patterns

Symmetrical Triangle

The Symmetrical Triangle has converging trendlines with similar slopes. It can break in either direction, continuing the prior trend.

Convergence2 diagonal linesSymmetrical Triangle: Convergence → Break in either direction

Pattern Details

Category

bilateral

Success Rate

68%

Average Move

+12%

Duration

2-4 weeks

Pattern Structure

Pattern Structure
Key components that define this chart pattern
  • 1
    Ascending Lower Trendline
  • 2
    Descending Upper Trendline
  • 3
    Converging apex point

Trading Rules

Trading Rules
Essential rules for trading this pattern successfully
  • ✓
    Trade breakout direction
  • ✓
    Volume confirmation essential
  • ✓
    Target = Height of triangle at base
  • ✓
    Stop loss on opposite side of triangle
Trading Tips
  • Breakout usually occurs in first 2/3 of pattern
  • Direction often follows prior trend
  • Volume pattern helps predict direction

Statistics

Breakout Statistics
Bullish Breakout52%
Bearish Breakout48%
Performance Metrics
Average Rise+12%
Average Decline-11%
Pullback Rate18%