ClearBreaksEdwards & Magee edition

Symmetrical Triangle

Gently converging highs and lows, each boundary tested at least three times; completes with a breakout above the upper line or a breakdown below the lower line.

A symmetrical triangle is a contracting range: lower highs and higher lows that converge toward an apex. It is the only diagonal pattern classical chartists such as Kibar feature, and only when the boundaries are not steep, because sloping lines make breakouts harder to judge.

The direction is not known in advance; the trend filter decides whether a breakout or a breakdown counts.

How we define it

Recent breakouts & breakdowns (25)

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