Symmetrical Triangle is a continuation Pattern. Hence the assumption is there already exists an Up Trend or Down Trend. Symmetrical Triangle Pattern can be explained as follows.
Symmetric Triangle Pattern represents a pause in the existing trend (up trend or down trend) after which the original trend resumes. If the original Trend is Up Trend, the symmetric triangle is called as Bullish Symmetric Triangle, while for Down Trend it is called as Bearish Symmetric Triangle.
Other Continuation Patterns
Technical Analysis Ascending Triangle
Technical Analysis Descending Triangle
Technical Analysis Flags & Pennants Pattern
Technical Analysis Rectangle Formation
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Technical Analysis Symmetrical Triangle
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この記事の中でリンクしています。(2010/02/19)
http://easy-happy-invest.blogspot.com/2010/02/day-chart-technical-analysis.html
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