Have you ever traded the Symmetrical Triangle chart pattern? If you did, then you know it’s not as easy as it seems.

This post was originally posted here. The writer, Rayner Teo is a veteran community member and blogger on InvestingNote, with username known as Rayner and has 457 followers.

For example: You might have thoughts like… Should I trade the breakout of the Symmetrical Triangle or do I wait for a pullback? Where should I put my stop loss so the market doesn’t hunt my stops? How do I know which direction the Symmetrical Triangle break out? Now if you face any of those issues, don’t worry. Because in today’s lesson, you’ll have the answers to these questions (and more). OK, let’s get down to business…

What is a Symmetrical Triangle chart pattern and how does it work?

The Symmetrical Triangle is a volatility contraction pattern....