As of 06/07/2023

Indus: 33,665 +91.74 +0.3%

Trans: 14,406 +345.09 +2.5%

Utils: 918 +15.80 +1.8%

Nasdaq: 13,105 -171.52 -1.3%

S&P 500: 4,268 -16.33 -0.4%

YTD

+1.6%

+7.6%

-5.1%

+25.2%

+11.1%

Targets Overview: 05/30/2023

33,950 or 32,000 by 06/15/2023

14,600 or 13,350 by 06/15/2023

935 or 880 by 06/15/2023

13,600 or 12,200 by 06/15/2023

4,350 or 4,000 by 06/15/2023

Chart Pattern Indicator:

on 6/1/23

As of 06/07/2023

Indus: 33,665 +91.74 +0.3%

Trans: 14,406 +345.09 +2.5%

Utils: 918 +15.80 +1.8%

Nasdaq: 13,105 -171.52 -1.3%

S&P 500: 4,268 -16.33 -0.4%

YTD

+1.6%

+7.6%

-5.1%

+25.2%

+11.1%

Targets Overview: 05/30/2023

33,950 or 32,000 by 06/15/2023

14,600 or 13,350 by 06/15/2023

935 or 880 by 06/15/2023

13,600 or 12,200 by 06/15/2023

4,350 or 4,000 by 06/15/2023

Chart Pattern Indicator:

on 6/1/23

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 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.

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