As of 09/27/2022
  Indus: 29,135 -125.82 -0.4%  
  Trans: 12,153 +153.95 +1.3%  
  Utils: 934 -19.25 -2.0%  
  Nasdaq: 10,830 +26.58 +0.2%  
  S&P 500: 3,647 -7.75 -0.2%  
YTD
-19.8%  
-26.2%  
-4.7%  
-30.8%  
-23.5%  
  Targets    Overview: 09/15/2022  
  Up arrow32,000 or 29,200 by 10/15/2022
  Up arrow13,800 or 11,800 by 10/15/2022
  Up arrow990 or 900 by 10/15/2022
  Up arrow11,975 or 10,700 by 10/15/2022
  Up arrow3,800 or 3,500 by 10/15/2022
CPI (updated daily): Arrows on 9/13/22
As of 09/27/2022
  Indus: 29,135 -125.82 -0.4%  
  Trans: 12,153 +153.95 +1.3%  
  Utils: 934 -19.25 -2.0%  
  Nasdaq: 10,830 +26.58 +0.2%  
  S&P 500: 3,647 -7.75 -0.2%  
YTD
-19.8%  
-26.2%  
-4.7%  
-30.8%  
-23.5%  
  Targets    Overview: 09/15/2022  
  Up arrow32,000 or 29,200 by 10/15/2022
  Up arrow13,800 or 11,800 by 10/15/2022
  Up arrow990 or 900 by 10/15/2022
  Up arrow11,975 or 10,700 by 10/15/2022
  Up arrow3,800 or 3,500 by 10/15/2022
CPI (updated daily): Arrows on 9/13/22

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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My novels:  Bedroom to Boardroom book Remember Me book Bumper's Story book Head's Law book
My stock market books:  Chart Patterns: After the Buy Getting Started in Chart Patterns 2nd edition book Trading Basics book Fundamental Analysis and Position Trading book Swing and Day Trading book Encyclopedia of chart patterns book Encyclopedia of Chart Patterns 3rd Edition book Trading classic chart patterns book

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