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symmetrical triangle refers to a pattern that is formed when two lines on a graph come together, creating a shape like a triangle. The lines are drawn in a way that they meet at a point, and they move closer together as they extend further. It is called "symmetrical" because both lines have a similar angle and slope. This pattern often indicates a period of consolidation or indecision in the market, where the price is neither going up nor down significantly.
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- Several of the other cryptocurrencies have been forming symmetrical triangle patterns on their four - hour charts, including BTC / USD, DASH / USD and IOTA / USD. (ccinews.net)
- This is a simple strategy that takes advantage of symmetrical triangle patterns when -LSB-...] (fxtsp.com)
- Following a failed symmetrical triangle formation in early March, the British pound has formed a bullish flag pattern versus its Aussie counterpart. (earnforex.com)
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