As of 03/18/2024
  Indus: 38,790 +75.66 +0.2%  
  Trans: 15,418 -81.05 -0.5%  
  Utils: 853 +3.06 +0.4%  
  Nasdaq: 16,103 +130.28 +0.8%  
  S&P 500: 5,149 +32.33 +0.6%  
YTD
 +2.9%  
-3.0%  
-3.2%  
 +7.3%  
 +8.0%  
  Targets    Overview: 03/13/2024  
  Down arrow38,000 or 39,350 by 04/01/2024
  Up arrow16,300 or 15,350 by 04/01/2024
  Up arrow885 or 830 by 04/01/2024
  Down arrow15,200 or 16,600 by 04/01/2024
  Up arrow5,250 or 5,000 by 04/01/2024
As of 03/18/2024
  Indus: 38,790 +75.66 +0.2%  
  Trans: 15,418 -81.05 -0.5%  
  Utils: 853 +3.06 +0.4%  
  Nasdaq: 16,103 +130.28 +0.8%  
  S&P 500: 5,149 +32.33 +0.6%  
YTD
 +2.9%  
-3.0%  
-3.2%  
 +7.3%  
 +8.0%  
  Targets    Overview: 03/13/2024  
  Down arrow38,000 or 39,350 by 04/01/2024
  Up arrow16,300 or 15,350 by 04/01/2024
  Up arrow885 or 830 by 04/01/2024
  Down arrow15,200 or 16,600 by 04/01/2024
  Up arrow5,250 or 5,000 by 04/01/2024

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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