The shape of this pattern is like a triangle. If in an uptrend turns out prices stop rising and forming an increasingly sideway pattern “conical”, then this is the early signs will be forming a triangle.
Triangle image with the way we can draw a line that connects the dots peaks and valleys formed by the sideway pattern that was. For example we can see in the picture below:
Uptrend moment Downtrend moment
In the picture above we connect the three peak points (P1, P2, and P3) with a line that will serve as resistance. While the line connecting the valley of L1, L2, and L3, serves as a support.Actually, the term symmetrical or asymmetrical here does not always mean exactly the same. A triangle can be considered symmetrical if the slope of the lines that led to the ‘apex’ opposite (see picture). Apex itself is the meeting point of two lines that we draw.
This pattern forms an isosceles triangle similar to the horizontal.
See pictures below for illustrations:
If the price broke through the resistance (in the picture seen through the point C), then the next price target is as far as the distance from A to B. Line connecting A and B we call the base.Another way to determine the price target is by drawing a line from point A parallel to the line support. The picture above is an example of a symmetrical triangle occurs when the uptrend. Often symmetrical triangle occurs when the downtrend. Note that tembusnya support (point C) will normally be forwarded to the movement away price equal to the distance A to B. Things should not be blow away is the level of support or resistance break in the triangle should not be too close to the apex. Ideally the distance is two-thirds or three quarters of the distance of the base to the apex. If so, then the triangle that is not valid anymore. Triangle no longer be valid if it turns out the price moves back to the top or bottom after penetrate support or resistance. Examples like the following picture: