The Symmetrical Triangle is a neutral continuation pattern that forms when the price moves within converging trendlines: one ascending and the other descending . This pattern indicates that the market is consolidating, and a breakout in either direction is likely to occur.

* Ascending Trendline : Connects higher lows, showing increasing buying pressure.
* Descending Trendline : Connects lower highs, showing decreasing selling pressure.

The breakout occurs when the price moves outside of the triangle, signaling the start of a potential strong move in the breakout direction.

How Traders Use It:
* Entry Point : Buy when the price breaks above the upper trendline or sell when it breaks below the lower trendline.
* Stop-Loss : Place a stop-loss just outside the opposite side of the triangle to limit risk.
* Target Price : Measure the height of the triangle at its widest point and project it from the breakout point to estimate the target.

The Symmetrical Triangle pattern is used to identify potential breakouts in either direction and is often seen in trending markets as a sign of consolidation before a significant move.