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Chart School :: Symmetrical Triangle Breakout
   
 
Symmetrical Triangle Breakout
1. When the security forms a series of lower swing highs and higher swing lows in the context of an uptrend or a downtrend.

2. Symmetrical Triangles can breakout in either direction since this consolidating pattern has equal sentiment driving the formation.

3. Within an uptrend the possibility of a breakout to the upside can increase due to the amount of underlying support in the chart.
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