The Symmetrical Triangle Pattern can be considered both Bullish and Bearish and occurs when price is trapped between a declining resistance line and a rising support line.
A symmetrical triangle is formed by drawing two converging trendlines, with the upper trendline connecting the series of lower highs and the lower trendline connecting the series of higher lows.
Triangle patterns are well-known chart patterns within the field of technical analysis. They exist in different formations, bullish, bearish or symmetrical.
The Stock Screener supports different support and resistance trading strategies. Some examples are listed in this article.
Minimum Liquidity
The Symmentrical Triangle pattern filter
Support and Resistance on the chart
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