Symmetrical Triangle

Symmetrical triangle - A symmetrical triangle is a triangle chart pattern, where a technical analysis determines the symmetrical triangle pattern of the stock movement. Symmetrical triangle patterns are a form of continuation pattern, which result in low risk investment opportunities. The top level or the smallest point of the triangle decreases and the bottom level or base of the triangle spreads out at the same time or close to it. What is happening in the market place at this time is that sellers are trying to push the prices up and buyers are trying to push the prices down and so there is a level of resistance within the market place. Eventually there will be a meeting point, which is said to be a consolidation and the price will even out at either an increase or decrease.