Where to find the Triangles at Christmas? Learning technical patterns have always been fascinating. These patterns have been very beneficial and valuable for traders, and I tried to teach you all these patterns in detail.Technical patterns divide into two types. Like the sun and the moon, light and dark, reversal patterns, and continuing patterns. Pejman Zwin 06.01.2023 44Content Symmetrical Triangle Pattern Symmetrical Triangle Pattern in Upward Trends Symmetrical Triangle Pattern in Downward Trends Market Volume and the Symmetrical Triangle The Half of Triangle Rule Symmetrical Triangle Time Failing Bulkowski's Research Elliott TheoryI have fully explained the reversal patterns to you, and now you have a nuclear weapon with which you can fight with all your strength against any chart and market maker and take your profit from the market. In this article, I will dive into continuation patterns and teach you how to have a more lethal weapon and earn more profit.Do you know that the pine tree, often used as a Christmas tree, is a symmetrical triangle? You can get this pattern as a Christmas gift from me. Rest assured, it is one of the best gifts you have ever seen. Come with me to place your positions under the Christmas tree.Be sure to stay with me until the end of the article. In this article, I want to talk about the Symmetrical Triangle, one of the solid and valid patterns. Knowing this pattern can increase your profits by hundreds and thousands of dollars.This pattern has many fans in both one-sided and two-sided markets; one of the strengths of this pattern is its high-repetition range in different charts and markets. If you are familiar with this pattern, you may lose a large percentage of market profits.Knowing this pattern and my position on it made a profit of almost 35,000 dollars for me last year. It’s Incredible; you can make such a profit with a simple pattern. It is effortless to make money. Join me in becoming the person who gives the most expensive Christmas gifts to their family.Symmetrical Triangle Pattern The symmetrical pattern is one of the essential classic patterns that traders love, and they earn good profits through this pattern. A strong continuation pattern forms at downward and upward trends.This pattern is very valid, so it will be best to read this article if you are looking for a high win rate.When the price loses momentum for some reason and enters a stabilization phase, there is a possibility of forming a symmetrical triangle or coil. A Symmetrical Triangle pattern is a type of consolidation pattern and occurs when the price loses its momentum. In this case, buyers and sellers hope to continue their process.Let’s look closer at the symmetrical triangle pattern: When the price goes down, buyers start buying and making higher bottoms, and when the price goes up, sellers start selling and making lower tops. A support trend line with a positive slope forms at the bottom, and a resistance trend line with a negative slope forms at the top of the pattern.The Symmetrical Triangle is often a continuation pattern, but some analysts consider it a reversal. I advise you to see it as a continuing pattern. Of course, if the pattern gives you a confirmation to start a reversal trend, you should consider it a reversal pattern.Further reading IQMINING — OVERVIEW OF THE CLOUD-BASED CRYPTOCURRENCY MIMING PLATFORM What Is Swap (XWP) And Why You Should Invest In It Admiral Markets - forex, CFD, cryptocurrency broker How Сan Binary Options Brokers Cheat You? WELTRADE review 2023: should you sign up with this broker? Spectre.ai - Review and Feedback on Decentralized Plafortom for Options and CFDsSymmetrical Triangle Pattern in Upward Trends A continuing pattern forms in upward trends, and the price will likely continue its ascending trend. When the price requires stability in an upward trend, it enters a convergent movement and creates tight tops and bottoms.In this case, there is a high probability of forming a symmetrical triangle pattern.A Symmetrical Triangle occurs when the price forms a top and a bottom after an upward trend and then forms lower tops and higher bottoms.In this case, if we draw a resistance trend line and a support trend line, it will take the form of a triangle, and they will intersect at a point called the apex of the triangle; after forming these four pivots, we can say that a symmetrical triangle forms.The apex of the triangle should be at a price between the highest top and the lowest bottom and cannot be at the same price as them: if it is, you need to forget this pattern because it will no longer be a Symmetrical Triangle.To form a triangle, we need at least four significant pivots; in simple language, we need at least two tops and two bottoms. The number of tops and bottoms can be more, but we need four pivots at least. A symmetrical triangle must start from the highest top in an upward trend. This pattern forms in one-sided and two-sided markets, and we can count on it.Trade on the Symmetrical Triangle in Upward TrendsWhen the pattern completes, and at least four pivots are approved, we have to wait for the pattern to give us the entry confirmation. The number of pivots may increase, so we should not enter the position until we see the confirmation. But what is the confirmation to enter the position in this pattern? Trend line breakout.When the resistance trend line breaks, we can open a long position and make a good profit; but be sure to see a true breakout first. When the breakout candle closes above the trend line, enter the position and put the stop-loss below the last bottom or below the breakout candle.You can use the following methods to select your take-profit point:1 – Choose the distance between the first top and the first bottom to set your take-profit level (see the X lines on the above chart). You get a higher risk-to-reward ratio this way.2 – Draw a line from the first top parallel to the support trend line and continue (see chart below).If you look carefully at this chart, the price has entered an upward channel in this case.In the rules related to the price channel, we know that the upper line of the channel is a resistance trend line. You can withdraw a part of your profit in this area.The Symmetrical Triangle is a continuation pattern, and the price can experience higher prices after it. It is not bad to get this profit. So you can close your position in two steps:1 – After hitting this parallel line2 – Twice this size, or at the next resistance zoneIn the picture below, you can check one of my positions on the chart EUR/USD In the 5-minute time frame.So that you fully understand, I will explain my position to you. When the price formed a Symmetrical Triangle, I waited for confirmation to enter a long position. When the breakout candle closed above the resistance trend line, I entered at 1.00118 USD.I put my stop-loss under the breakout candle at 1.00080 USD for a higher risk-to-reward ratio. And my take-profit level was equal to the distance between the first top and the first bottom, and I placed it at 1.00288 USD. But I didn’t close the whole position; I withdrew just half of my profit at this point ($7,200).The upward trend had a lot of momentum, so I waited to get more profit from this position and withdrew the other half at a higher price ($6,800). In this position, I made a profit of $14,000 in 2 hours. Symmetrical Triangle Pattern as a Reversal Pattern in Upward TrendsSometimes, the price breaks the support trend line and falls, which we should treat as a reversal pattern or a Symmetrical Triangle in the downward trend and open a short position on it. The chart below shows that the price has dropped after breaking the support trend line.In this case, you can profit from this reversal pattern. Just enter a short position below the breakout candle and place the stop-loss above the last top. Your take-profit level equals the distance between the first top and the first bottom. You can also use the second way (parallel line) to determine the take-profit.Further reading What is the Difference Between Binary Options and Forex Trading? What to Do if a Broker Refuses to Pay – 3 Effective Methods Grand Capital review 2023: should you sign up with the broker? The Candlestick Chart Cheat-Sheet: Everything You Need to Know IC Markets Broker Overview Trader's diary. Why and for what you need it?Symmetrical Triangle Pattern in Downward Trends A continuation pattern forms in descending trends; the price continues its downward trend after forming the Symmetrical Triangle pattern.One of the basic patterns in technical analysis is that you can earn a good profit. A symmetrical triangle pattern is lovely in two-sided markets; I will tell you why.When the price gets tired in a downtrend, it enters a converging trend of lower tops and higher bottoms. Buyers and sellers test their strengths in this area. Sellers insist on continuing the trend and preventing the creation of a higher top, and buyers believe in the formation of a new upward movement and make bottoms at a higher price every time.But most of the time, the sellers are correct, and the price continues its downward trend. It is better to be with the sellers in this battle. Don’t forget that the trend is our good friend, and we should always be with the movement.To form a Symmetrical Triangle pattern in a downward trend, we need at least four significant pivots, which include two bottoms and two tops. After forming the first bottom and then the first top, the price starts making higher bottoms and lower tops.The price enters a converging channel, i.e., a support trend line with a positive slope and a resistance trend line with a negative slope. When the second top forms and the price then returns to the support trend line, the pattern completes, and we can call it a Symmetrical Triangle.If we continue the two trend lines, they will meet at one point, and a triangle shape will appear. This point is called the apex of the triangle, and it is essential for you, and I will tell you how it can help.Trade on the Symmetrical Triangle in Downward TrendsYou can enter a short position when the price breaks the support trend line. But please make sure that the breakout is valid and does not fail. The breakout candle must close below the support trend line. Based on my stock market experience for years, I want to give you some helpful advice.You can wait three days for more certainty if you work in the stock market and daily time frame. Because in the stock market, while you cannot place a short position; you can still use this pattern as an exit signal. In other words, you sell the stock you have bought at lower prices because you know the price will fall after the formation of this pattern.At some point during those three days, the price should be lower than the support trend line. If you are trading in two-sided markets like cryptocurrency or forex, you can place the short position on the chart.After the breakout candle forms, you can enter a short position below the candle and place the stop-loss above the last top. Also, you can place your stop-loss above the breakout candle for a higher risk-reward ratio.There are two ways to choose your take profit:1 – Choose the distance between the first bottom and the first top as the take-profit size (you can earn more profit this way).2 – Draw a line from the first bottom, parallel to the resistance line, and continue. You can see a descending price channel at this point.When the price hits this parallel line, you can withdraw part of your market profit and withdraw the other part at the second target.I will show my short position on BTC/USDT in the 1-hour time frame and explain it so that you can learn better, my friend.When the Symmetrical Triangle pattern formed and the support trendline broke, I waited for the breakout candle to close below the trendline. After closing the breakout candle, I entered a short position at 21339.22 USDT and placed the stop-loss above the breakout candle at 21651.50 USDT.I chose the distance between the first bottom and first top for the first profit target and placed my first take-profit trigger at 20351.99 USDT. I withdrew almost half of my profit ($4,000) from the market at this point. I closed the other position at a lower price, i.e., twice the first target. Now, instead of $4,000, I had a profit of $8,000.My total profit was $4000+$8000 = $12,000. I made a huge profit in this position and spent it on a weekend vacation with my family. A significant profit in a short time, I wish such positions for you, too. Symmetrical Triangle Pattern as a Reversal Pattern in DowntrendsAfter the formation of the Symmetrical Triangle pattern, if the price breaks the resistance trend line and rises, the Symmetrical Triangle pattern becomes a reversal pattern and causes a strong reverse. In this case, we can enter a long position.After closing the breakout candle, you can enter the position and place the stop-loss below the last bottom. Your take-profit level should equal the distance between the first bottom and the first top.Further reading Finrally binary options review 2023: should you sign up with this broker? 10 Best Crypto Signals 2023 (Free & Paid) Trade in US&CA Orbex forex broker fresh review FXCM Review - Best Forex Brokers CumRocket, The Naughty Boy Of CryptocurrenciesMarket Volume and the Symmetrical Triangle The volume market is one of the strong signals for analyzing the capital market.The market volume has exciting changes in the formation of this pattern, which helps a lot in analyzing the market, and we can explore the market more accurately with the help of volume data. What do you know about the lull before the storm?The volume decreases during the formation of all stabilization patterns. When the pattern is complete, and the price tries to break the trend line, the market volume increases suddenly. We call it the lull before the storm; the volume becomes less and less, and a volume storm suddenly arises at the breakout time.In upward trends, the market volume is a more critical factor than in downward trends because we need a high volume of trades for an upward trend. To better identify the price’s direction, we can check the volume for each of the ascending and descending waves.If the volume increases during ascending trends and decreases during descending trends, we conclude that the market is likely to enter an overall upward trend. If the volume increases during downward trends and decreases during upward trends, on the other hand, we recognize that the market may well be about to enter an overall downward trend.Further reading ALLY INVEST REVIEW 2023: SHOULD YOU SIGN UP WITH THIS BROKER? ZENITH TRADING STRATEGY FOR BINARY OPTIONS OptionsHouse by E*Trade - overview of the trading platform E-Trade feedback on the trading platform Building Small Profits, Fast: How to Use a Scalping Strategy for Options Trading Discover the Magical 300-Year-Old Principles Called Technical AnalysisThe Half of Triangle Rule This subject is an unwritten rule, and you will not see it anywhere else. It is the result of my personal experiences, and I have used it a lot. It is one of the essential confirmations of my analysis.This subject is an unwritten rule, and you will not see it anywhere else. It is the result of my personal experiences, and I have used it a lot. It is one of the essential confirmations of my analysis.Draw a horizontal line from the apex of the triangle to divide the triangle pattern into two parts, upper and lower. Compare the number of candles above and below this line. If the number of candles above the line outnumbers those below it, the probability of an upward trend forming is higher.And If the number of candles below the line is greater, the probability of a downward trend forming would be higher. Usually, 45 to 60 candles are needed to form the Symmetrical Triangle pattern. If the number of candles is less or more than this number, you should doubt the validity of the pattern. Practice this method and be sure it will be beneficial and profitable.Further reading eOption review 2023: should you sign up with this broker? Etoro Review: A CFD and Forex Broker with a Social Trading Opportunity 15 Types Of Trading: Choose Your Style What Is an Option What Is Swap (XWP) And Why You Should Invest In It FXCM Review - Best Forex BrokersSymmetrical Triangle Time Failing The symmetrical triangle pattern has a time expiration, and if the price fluctuates more than a specific limit inside this pattern, this pattern loses its validity. This range is significant, and it helps if you know these rules to profit from this pattern.Calculate the horizontal distance between the apex and the first top/bottom. Divide that distance into four parts and then divide it into three parts. Do not forget to start from the apex.Pay attention to the orange zone or the size difference between a quarter and a third of the distance. Ideally, if the price breaks the trend line in this zone, it will continue its trend. But if the price passes the orange zone, the validity of the pattern will decrease, and you should not take a risk on it.Regarding the breakout in this pattern, the Fibonacci rules work as accurately as possible. In general, the breakout of the trend line is between 61.8% and 78.6% of the time. The Interval of the triangle. In the upward trends, we should consider the first top as representing 0% and the apex as 100%.Meanwhile, in downward trends, we consider the first bottom as 0% and the apex as 100%. Of course, this Fibonacci zone is almost identical to the orange zone shown in the chart above. This similarity between Fibonacci and scientists’ research is fascinating.If you trade in the weekly time frame, here is a good example: If the distance between the first pivot (top or bottom) and the apex is twenty weeks, then ideally, the price should break the trend line in about the 14th week and continue the trend.Further reading What Is Flare Network and What Does It Do? Binomo Review 2023: Is It Worth a Try? Be Smart About The 4 Types Of Gaps! (Discontinuity) Grand Capital review 2023: should you sign up with the broker? eOption review 2023: should you sign up with this broker? Trading Strategy Using The MA ALMABulkowski's Research Thomas Bulkowski, one of the researchers in the world of technical analysis who has done a lot of research in the field of classical patterns, has achieved exciting results.In his opinion, the best price target for the take-profit is different from the distance between the highest top and the lowest bottom.After much research, he discovered that: For the Symmetrical Triangle in the upward trend, the price target (take-profit) equals 66% of the distance between the first top and the first bottom.In a downward trend, the price target (take-profit) for the Symmetrical Triangle pattern is 48% of the distance between the first top and the first bottom.According to his research on the Symmetrical Triangle pattern, in 84% of cases, the pattern is a continuation pattern.The formation of a Symmetrical Triangle in the stock market and the daily time frame lasts from three weeks to 3 months.If its formation takes less than three weeks, we call it a pennant pattern, which I will fully explain later.Further reading HOW TO SURVIVE LOSING MONEY AS A BINARY OPTIONS TRADER Dogecoin, The Meme Coin That Took Over The World Binarium Review and Feedback on the Binary Options Broker What Is Smooth Love Portion, and What Can You Do With It? COTI Price Prediction And Forecast 2023–2026 NordFX - Reviews And Forex Trading Platform ReviewElliott Theory The Symmetrical Triangle has a special place in Elliott Waves. We call it the contracting triangle in Elliott Waves, which is very useful. Read this section very carefully to learn essential points.Let me discuss Elliott Waves with you. Of course, you may not be familiar with this theory. I will talk about it more fully in the future, but since the Symmetrical Triangle is a basic pattern in Elliott Waves, I will explain them a little here. We can see the contracting triangle in Elliott Waves in waves B and 4, and it only has the role of a continuation pattern. We cannot see it in wave 2.A Symmetrical Triangle or contracting triangle in Elliott Waves consists of five waves, A, B, C, D, and E. Each wave consists of three sub-waves because all the waves are corrections, and the market has entered a correction zone. The size of wave A is the largest, and then B, C, and D waves are smaller waves in staggered order. The E wave is the slightest wave.ConclusionIn this article, you have learned an essential part of classic patterns. The Triangle pattern is in many forms in the chart, and I will teach you all kinds. It will help if you try to explore and analyze the chart.You should live in the chart to face its beautiful and exciting challenges. Try to discover new patterns and expand the science of technical analysis. Capital management is the main discussion and one of the essential profitability factors; try to learn it well.Thank you for listening to me and giving me your time. I hope you trust my advice and practice on the chart. Stay tuned for my following articles on the infinite science of technical analysis.Further reading CMC Markets - Advanced Trading Platform Review UNDERSTANDING LEVERAGE TRADING IN 2023: THE PROS AND CONS Investors take Forex platform ROFX and its founders to court TD Ameritrade review 2023: should you sign up with this broker? What is the Difference Between Binary Options and Forex Trading? RACEOPTION REVIEW 2023: IS IT WORTH IT?