How to Trade Symmetrical Triangles like a Pro 💡

Symmetrical triangles. http://www.financial-spread-betting.com/course/symmetrical-triangle.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! This is a triangle pattern but there is a symmetry to it. These kind of patterns work on multiple timeframes. As the price converges to a point the textbook tells us to buy the aggressive breakout. In reality this is quite hard and you need some sort of confirmation.

The triangle is a very neat pattern, combining price and time in a close relationship. The trendlines which give the price boundaries of the pattern also serve to limit the timescale.

The triangle pattern will be completed and the signal given when the price breaks out and closes outside the triangle. Usually this will be in the original direction. You can apply the same criteria to this as to any penetration of a line, which is that an intraday penetration is not usually significant if the price returns, and some people like to see the price stay outside the line for two days. The penetrated line may become a support or resistance subsequently, and the apex level can also be an important support or resistance price level in future movement.

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Видео How to Trade Symmetrical Triangles like a Pro 💡 канала UKspreadbetting