Symmetrical triangle pattern

Bajaj Hindustan Sugar: Symmetrical triangle pattern formation showing on weekly chart. Symmetrical triangle pattern usually form during trend continuation and it works as a coil to move price further in trend. The pattern usually contains two lower highs & two higher lows, which acts like a coil! When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape.As the symmetrical triangle pattern is type of consolidation, hence volume gets decreasing before breakout. The extension of wide distance of symmetrical triangle is the target!