NTLTUBES
ন্যাশনাল টিউব এর ট্রেড প্যাটার্ন অনেক ভাল লং টাইম ফ্রেমে এটা একটা সিমেট্রিক ট্রায়অ্যাঙ্গেল প্যাটার্ন ফরমেশন করছে । যা ব্রেক অাউট করলে অনেক ভাল মুভমেন্ট পাওয়া সম্ভব । যারা প্যাটার্ন ট্রেডার তারা এটি মাথায় রাখতে পারেন ।
What is a Symmetrical Triangle Pattern?
In technical analysis, it’s one of the most popular triangle price formations that falls under the category of continuation patterns. However, as the name suggests, it can be traded both ways.
The price action needs to move in a series of lower highs and higher lows in order to be able to define a triangle.
In terms of its characteristics, you need only look for two things:
An ascending bottom trendline that goes in the upwards direction.
A descending top trend line that goes in the downward direction.
It can be drawn simply by connecting the swing high/low with two sloping lines that will converge at some point in the future, making the break inevitable.
You need a minimum of two hits on each trendline in order to draw the pattern. As long as this criterion is met, it can be defined as a triangle pattern.
Now, keep in mind that the symmetrical triangle is a neutral chart formation and it can break in both directions.
Note* When we finally break from the Symmetrical Triangle pattern, the following move needs to be very violent and fast moving.
Here is a real example:
The Psychology behind the Symmetrical Triangle Pattern
Basically, what’s happening here is the buyers and sellers are at a draw with each other.
With no clear trend forming, it will keep squeezing smaller and smaller, following the trend lines.
Think of it as a tug of war between the buyers and sellers.
As the two lines get closer and closer together, it’s evident that something will have to give. Whoever wins the battle will be who you want to catch a ride with by entering a buy or a sell.
The only real challenge with triangle patterns is identifying the real triangle pattern breakout and having enough confidence to hold the trade until the minimum target has been reached.
Now, let’s see how you can effectively trade with the Price Channel trading strategy and how to make profits from basically using no technical indicator.
Symmetrical Triangle Strategy – Buy Rules
The Symmetrical trading strategy will help you increase your account balance quite rapidly. You simply have to employ this step-by-step guide on triangle trading to make sure you’re correctly reading the information given by the classical Symmetrical Triangle Geometry Pattern.
Moving forward, we present the sell-side rules:
Step#1 Identify at least two lower highs and two higher lows and draw a Symmetrical Triangle pattern by connecting these swing points.
It should be pretty easy to draw this pattern.
Just connect at least two higher lows with an ascending trendline.
Repeat the same process with at least two lower highs using a descending trend line.
The pattern works best when used as a continuation pattern. This means that before the symmetrical triangle pattern forms we need to have a prior trend (bullish).
The prevailing trend prior to the ascending triangle chart pattern can provide a clue about the triangle breakout direction. For high probability setups we encourage you to only trade this in the direction of the prevailing trend.
The Symmetrical Triangle is more bullish if it’s formed within an uptrend.
When this breakout happens it will attract many other people to the “party.”
So far, so good.
Now we need to define our entry technique, which brings us to the third step of this strategy.
ন্যাশনাল টিউব এর ট্রেড প্যাটার্ন অনেক ভাল লং টাইম ফ্রেমে এটা একটা সিমেট্রিক ট্রায়অ্যাঙ্গেল প্যাটার্ন ফরমেশন করছে । যা ব্রেক অাউট করলে অনেক ভাল মুভমেন্ট পাওয়া সম্ভব । যারা প্যাটার্ন ট্রেডার তারা এটি মাথায় রাখতে পারেন ।
What is a Symmetrical Triangle Pattern?
In technical analysis, it’s one of the most popular triangle price formations that falls under the category of continuation patterns. However, as the name suggests, it can be traded both ways.
The price action needs to move in a series of lower highs and higher lows in order to be able to define a triangle.
In terms of its characteristics, you need only look for two things:
An ascending bottom trendline that goes in the upwards direction.
A descending top trend line that goes in the downward direction.
It can be drawn simply by connecting the swing high/low with two sloping lines that will converge at some point in the future, making the break inevitable.
You need a minimum of two hits on each trendline in order to draw the pattern. As long as this criterion is met, it can be defined as a triangle pattern.
Now, keep in mind that the symmetrical triangle is a neutral chart formation and it can break in both directions.
Note* When we finally break from the Symmetrical Triangle pattern, the following move needs to be very violent and fast moving.
Here is a real example:
The Psychology behind the Symmetrical Triangle Pattern
Basically, what’s happening here is the buyers and sellers are at a draw with each other.
With no clear trend forming, it will keep squeezing smaller and smaller, following the trend lines.
Think of it as a tug of war between the buyers and sellers.
As the two lines get closer and closer together, it’s evident that something will have to give. Whoever wins the battle will be who you want to catch a ride with by entering a buy or a sell.
The only real challenge with triangle patterns is identifying the real triangle pattern breakout and having enough confidence to hold the trade until the minimum target has been reached.
Now, let’s see how you can effectively trade with the Price Channel trading strategy and how to make profits from basically using no technical indicator.
Symmetrical Triangle Strategy – Buy Rules
The Symmetrical trading strategy will help you increase your account balance quite rapidly. You simply have to employ this step-by-step guide on triangle trading to make sure you’re correctly reading the information given by the classical Symmetrical Triangle Geometry Pattern.
Moving forward, we present the sell-side rules:
Step#1 Identify at least two lower highs and two higher lows and draw a Symmetrical Triangle pattern by connecting these swing points.
It should be pretty easy to draw this pattern.
Just connect at least two higher lows with an ascending trendline.
Repeat the same process with at least two lower highs using a descending trend line.
The pattern works best when used as a continuation pattern. This means that before the symmetrical triangle pattern forms we need to have a prior trend (bullish).
The prevailing trend prior to the ascending triangle chart pattern can provide a clue about the triangle breakout direction. For high probability setups we encourage you to only trade this in the direction of the prevailing trend.
The Symmetrical Triangle is more bullish if it’s formed within an uptrend.
When this breakout happens it will attract many other people to the “party.”
So far, so good.
Now we need to define our entry technique, which brings us to the third step of this strategy.
Best Of Luck
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