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Chart School :: Symmetrical Triangle Breakdown
   
 
Symmetrical Triangle Breakdown
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. In a downtrend the possibility of a downside breakdown can increase due to the amount of overhead resistance in the chart.
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