Symmetrical Triangle:
OK, so we have seen a bullish and a bearish triangle. What could this symmetrical one be? Well, this one will be much like a freshman high school student and asking them about their future career plans. Many will be undecided initially. Essentially there will be a tightening pattern where resistance is sloping down and support sloping up. As this gets tighter and tighter the price fluctuations will become less pronounced and the chart forms this triangle pattern. We can look at other indicators to get a sense of the possible direction that the chart may break, but what you are looking for is to have the chart break up to confirm a bullish position or the chart to break down to confirm a bearish one. Pretty simple right? Watch for a break and the direction to help confirm the stocks next move
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