Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. Her expertise covers a ...
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We’ve looked at reversal patterns (head and shoulders pattern and inverse head and shoulders pattern). In this lesson, we cover continuation patterns, specifically the symmetrical triangle pattern.
Symmetrical triangles form when buying and selling pressure is at equilibrium Forex symmetrical triangles usually precede a major price move GBPUSD is currently trading within a symmetrical triangle ...
The AUD/USD exchange rate was unchanged this week after the Reserve Bank of Australia (RBA) left interest rates unchanged on Tuesday. It was trading at 0.6270 on Wednesday, down by 2.25% from its ...
Natural gas turns down and drops to a five-day low as heads towards a test of support at the lower boundary line of a symmetrical triangle. At this time of this writing the low for the day was 1.63, ...
Shabbir KayyumiWhat is Symmetrical Triangle? The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least ...
USD/CAD breaks out of a large symmetrical triangle price pattern, activating upside targets. Though it has backed and filled since the break, the probabilities favor a continuation higher. A break ...