Bearish Reversal Symmetrical Triangle Pattern

Bearish Reversal Symmetrical Triangle Chart Pattern Explained

• In this article, we will discuss about the bullish reversal symmetrical triangle pattern.

• If you don't know how to trade the bullish reversal symmetrical triangle pattern, Then this article will help you lot.

• You can increase your knowledge about the technical analysis by reading this article.

BEARISH REVERSAL SYMMETRICAL TRIANGLE

• The symmetrical triangle pattern is a bullish and bearish trend continuation chart pattern.  

• As well, this pattern is a bullish and bearish trend reversal chart pattern. 

• It depends on the previous trend and on which side the breakout occurs.

• There are four types of Symmetrical Triangle patterns :

[A] Bullish Continuation Symmetrical Triangle

[B] Bearish Continuation Symmetrical Triangle

[C] Bullish Reversal Symmetrical Triangle

[D] Bearish Reversal Symmetrical Triangle

• In this article, we will discuss about the Bearish Reversal Symmetrical Triangle. 

• How is the bearish reversal symmetrical triangle pattern formed? 

• Suppose, a Symmetrical Triangle pattern forms and the previous trend of the market is up.

• For some time, the price is consolidated within the pattern (indecision between the buyers and sellers), then the price breaks the pattern to the downside.

• The previous trend of the market was up, and after a pattern breakdown the trend is reversed to the down side.

• Therefore, this pattern is called the bearish reversal symmetrical triangle.

• By connecting the Lower-Highs it forms a falling trendline.

• And by connecting the Higher-Lows it forms a rising trendline. 

• The falling trendline (downside slope) and the rising trendline (upside slope) have the same slope.

• This pattern is more reliable if the price touches the lower (rising) trendline more than three times.

• The breakout of a pattern is confirmed when the price breaks the pattern with volume.

• How to trade the bearish reversal symmetrical triangle? 

Entry :

• Take entry when price breakdown the rising trendline to the upside. 

Stop Loss :

• SL should be placed above either the previous swing or above the breakdown candle. 

Target :

• Target should be equal to the distance between the first swing high and the first swing low of this pattern.

Thanks For Reading Article.......📝 

Read More >>

• Bullish Continuation Symmetrical Triangle

• Bearish Continuation Symmetrical Triangle

• Bullish Reversal Symmetrical Triangle