Symmetrical triangle
Both boundaries converging
What it is
Lower highs and higher lows at once, narrowing to a point. Range contracts until something gives.
What it may suggest
Volatility is compressing and an expansion tends to follow. It carries no directional bias by itself.
Where it fails
Directionless by construction. Treating it as bullish or bearish is reading in something that is not there. Wait for the resolution.
Also called coil, symmetrical triangle pattern.
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