As of 05/17/2019
  Industrials: 25,764 -98.68 -0.4%  
  Transports: 10,492 -113.76 -1.1%  
  Utilities: 790 +3.91 +0.5%  
  Nasdaq: 7,816 -81.77 -1.0%  
  S&P 500: 2,860 -16.79 -0.6%  
YTD
 +10.4%  
 +14.4%  
 +10.8%  
 +17.8%  
 +14.1%  
  Tom's Targets    Overview: 05/14/2019  
  Up arrow26,600 or 25,000 by 06/01/2019
  Up arrow10,700 or 10,000 by 06/01/2019
  Up arrow825 or 755 by 06/01/2019
  Up arrow8,100 or 7,400 by 06/01/2019
  Up arrow2,900 or 2,740 by 06/01/2019
As of 05/17/2019
  Industrials: 25,764 -98.68 -0.4%  
  Transports: 10,492 -113.76 -1.1%  
  Utilities: 790 +3.91 +0.5%  
  Nasdaq: 7,816 -81.77 -1.0%  
  S&P 500: 2,860 -16.79 -0.6%  
YTD
 +10.4%  
 +14.4%  
 +10.8%  
 +17.8%  
 +14.1%  
  Tom's Targets    Overview: 05/14/2019  
  Up arrow26,600 or 25,000 by 06/01/2019
  Up arrow10,700 or 10,000 by 06/01/2019
  Up arrow825 or 755 by 06/01/2019
  Up arrow8,100 or 7,400 by 06/01/2019
  Up arrow2,900 or 2,740 by 06/01/2019

Symmetrical Triangle Quiz

 

Updated 3/6/2019.

A symmetrical triangle is a common chart pattern but it's not easy to trade. The breakout is difficult to spot because it depends on price crossing a diagonal trendline.

After a breakout occurs, the stock may wobble up and down as it decides on a trend direction. According to research for my Chart Patterns: After the BuyChart Patterns: After the Buy book, the symmetrical triangle busts more often than ascending or descending triangles, for both breakout directions.

What does that mean? Price often reverses direction after the breakout to start a new trend in the direction opposite the breakout.

Symmetrical Triangle: Quiz

Below is a six-slide quiz to test your ability to identify symmetrical triangles and trade them. Captions appear below the pictures for guidance, so be sure to scroll down far enough to read them.

 

1 / 6
chart pattern
Find as many symmetrical triangles on the chart as you can. For help, click here.
2 / 6
chart pattern
A symmetrical triangle has plenty of trendline touches with price movement filling the pattern.
3 / 6
chart pattern
Find as many symmetrical triangles on the chart as you can.
4 / 6
chart pattern
The stock has pulled back to A. Is the stock a buy?
5 / 6
chart pattern
Here's one way to trade the triangle. The rising wedge gives a timely exit signal.
6 / 6
chart pattern
Another way to trade it with a later sell signal that doesn't leave much profit.

See Also

 
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Chart Patterns: After the Buy Getting Started in Chart Patterns, Second Edition Trading Basics Fundamental Analysis and Position Trading Swing and Day Trading Visual Guide to Chart Patterns Encyclopedia of Candlestick Charts Encyclopedia of Chart Patterns 2nd Edition Trading Classic Chart Patterns Bumper's Story Head's Law
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