NEUTRAL CHART PATTERNS (PART-16)

 In last post we already discussed about continuous chart patterns.

Now in this post I am going to tell you about neutral chart patterns. We only discuss about two neutral chart patterns in this post and rest in upcoming posts.

1. Symmetrical Contracting Triangle- It is a chart formed in technical analysis. It's characterized by converging trend lines connecting a series of sequentially lower peaks and higher troughs, indicating a period of consolidation and equilibrium between buyers and sellers. Breakout or breakdown Target is equal to the distance between high and low.

2. Symmetrical Expending Triangle- Symmetrical triangles occur when a security's price consolidates, generating two converging trend lines with opposite slopes. A symmetrical triangle's breakout or breakdown targets are equal to the distance between the initial high and low applied to the breakout or breakdown point

If you have not visited our last post on continuous chart patterns then click on this link or copy it and paste it on chrome 

Link- https://commerceworldteam.blogspot.com/2024/04/continuous-chart-pattern-part-15.html

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