Dear traders:
What I Know For Sure:
1- The Symmetrical Triangle generally occurs during ranging periods.
2- Edwards and Magee (1948), suggest that roughly 75% of symmetrical triangles are continuation patterns.
3- Breakout needs volume confirmation.
4- What is the most bullish chart pattern? The bull flag.
Possible scenarios are shown in the chart.
Personally: (roughly 99.99% of symmetrical triangles are continuation patterns) bullish :)
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41600 $ touched,
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