Symmetrical Triangle

A symmetrical triangle has lower highs AND higher lows. Both sides squeeze toward the apex of the triangle, signaling indecision. Neither buyers nor sellers are dominant. The pattern usually breaks in the direction of the bigger trend, but the squeeze itself doesn't pick a side until the breakout candle. Because symmetrical triangles are neutral, you don't trade the pattern — you trade the breakout. Wait for a clean close outside one of the trendlines, ideally with a wide-range candle and follow-through volume. Then enter in the direction of the break with a stop below (or above) the opposite side of the triangle. Measured target: height of the triangle at its widest, projected in the direction of the breakout. The longer the squeeze, the bigger the eventual move.