Symmetrical Triangle
ChartNeutralContinuationReliability:
Lower highs and higher lows converge toward an apex; the breakout usually follows the prior trend.
Description
Two oppositely sloped trendlines squeeze price together. It has no clear bias until price exits the triangle.
Market psychology
The narrowing range reflects indecision and coiling energy; the breakout releases the next directional move.
How to trade
Wait for a close outside one edge; the target is often the triangle base height projected from the break. Avoid entering early inside the squeeze.
Confirmation
A close outside the triangle with rising volume in the breakout direction.
Also known as: Symmetrical triangle, Coil
Educational content only — not financial advice. Cryptorua reads public market data and never places orders.