Symmetrical Triangle

What is a Symmetrical Triangle?

A Symmetrical Triangle is a consolidation pattern on a price chart created when price moves sideways in an ever tighter range, creating two converging diagonal lines. The symmetrical triangle is neither bullish nor bearish.

Traders do not know if a new bear trend or a new bull trend is beginning until price breaks below (bearish) or above (bullish) the trend lines that make-up the symmetrical triangle.