Symmetrical triangle

A symmetrical triangle refers to a gradual contraction of the diagonal connecting the highest and lowest prices towards a point, It looks like a triangle. During the formation of this model, The highest price in the market is constantly decreasing, The lowest price continues to rise; That is to say, neither the buying price nor the selling price has been able to drive a clear trend in prices, Both sides are evenly matched.

Please refer to the picture above, Both the buying and selling prices failed to further break through the price, The upward and downward diagonal lines of the trend gradually approach, Breakthrough is imminent. We cannot determine in which direction the market will break through, But what we can confirm is that, There will definitely be a breakthrough, after all, Either the buying or selling price will eventually give up.
that, How should we use this model? very simple, Just hang the purchase order above the upper slash, And hang the sales order below the diagonal line, In this way, no matter which direction the market breaks through, We can all capture profits.

In this example, If we place a purchase order above the diagonal line, You can obtain a good return; On the other hand, As long as the purchase order is completed, We can cancel the sales order below the slash.

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