Symmetrical triangles are often considered as a continuation patterns (suggesting a pause or consolidation in the prior trend), rather than reversal patterns, but however, this is not a strict rule. in white we can see a symmetrical triangle with a breakout Within these formations long-positioned and short-positioned players could not prevail each other, until eventually the majority of traders become aware of a certain direction. This is when a breakout from the triangle occurs. Some studies on technical analysis have concluded that in 54% of all cases this breakout is upward. However, these types of triangles may show many false breakouts, which urges traders to pay a little more attention and to act with caution.
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