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Definition

Two converging trendlines, more or less equally but inversely sloped, which connect a series of peaks and troughs. A break out upwards signals the beginning of a bull trend. A break downwards signals the beginning of a bear trend. In a symmetrical triangle formation, both trendlines slope towards each other meeting at a central point. An ascending and descending triangle differ in that one of the trendlines within the formation is horizontal. As with other formations, a confirmation signal strengthens the formation, and gives further weight to the break up or down out of the triangle.
<figure class="container-fluid"><img class="img-responsive" style="display: block; margin: 0 auto; max-width: 100%;" src="https://www.pdsnet.co.za/onlinecourse/img/glossary/symmetrical-triangle.jpg" alt="symmetrical triangle" />
<figcaption style="text-align: center;">An Example of a Symmetrical Triangle</figcaption>
</figure>

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