Symmetrical Triangle / 対称三角形
Reference values based on Bulkowski's "Encyclopedia of Chart Patterns". Data is primarily from U.S. markets and may differ for other markets.
A triangle pattern where highs decline and lows rise, creating convergence. It indicates equilibrium between buyers and sellers, with direction determined by the breakout. Generally functions as a continuation pattern but can also be a reversal pattern.
Enter in the direction of a clear closing breakout above resistance or below support. Long on upward break, short on downward break. Always confirm volume increase at breakout.
Project the widest part of the triangle (difference between first high and first low) from the breakout point in the breakout direction.
Place a stop-loss near the most recent touch point on the opposite side of the triangle. Below the recent low for upward breakouts, above the recent high for downward breakouts.
Volume should decrease significantly during formation and surge at breakout. Without a volume surge, the breakout is likely a false signal.