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Quarterly Pattern:Symmetric Triangle
Number of records: 4
Symbol:  

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Symmetric Triangle Chart Pattern Analysis - Symmetric Triangle Pattern.
A symmetric triangle pattern represents the area of indecision where the movement direction is questioned. Chart Pattern Analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of a larger trend, but it may also mark the trend reversal. Volume diminishes during the formation and explodes at the breakout. After breakout (similar to rectangle), support may turn into potential resistance and vice versa.
Tips:
# 1 As a continuation pattern, the symmetric triangle usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold short-term indicators. The symmetric triangle resets short-term indicators to neutral and then continues movement in parent's direction.
# 2 As a reversal formation, the symmetric triangle chart pattern appears in a mature trend characterized by overbought/oversold long-term and short-term indicators. This situation usually generates divergence on long-term indicators. For the best results, the symmetric triangle pattern should be considered together with other chart pattern analysis, technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
Symmetric Triangle Pattern,Symmetric Triangle Chart Pattern,Chart Pattern Analysis,chart pattern, charts, pattern, chart analysis, pattern recognition, screener, screening, Trading Signals
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- 12/1/2017
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iShares MSCI Switzerland Index
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Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :Stochastic signal line moved below overbought area
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It was the negative week for the iShares MSCI Switzerland Index (EWL). During the week, the EWL gave back -0.08 points, or -0.23%, and closed at 35.13 on Friday, December 01, 2017. Weekly volume was 15% above average.

Long-term trend: [See EWL long-term trend chart]
A long-term downtrend had started on May 14, 2015 at 36.18 and reached 27.52 on February 11, 2016. EWL lost 8.66 points, or 23.94%, in 39 weeks. The chart has formed a Ascending Triangle chart pattern. The downtrend resistance line (28.39) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See EWL medium-term trend chart]
A medium-term uptrend had started on February 11, 2016 at 27.52 and reached 35.41 on October 13, 2017. EWL gained -7.89 points, or -28.67%, in 87 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (28.33) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See EWL weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since July 7, 2017. Use the following link to access a MACD help.

Short-term trend: [See EWL short-term trend chart]
A short-term downtrend had started on October 13, 2017 at 35.41 and reached 34.03 on November 13, 2017. EWL lost 1.38 points, or 3.90%, in 31 days. The chart has formed a Ascending Triangle chart pattern.

Daily Technical Indicators: [See EWL daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since November 17, 2017.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.25
Williams' Percentage Range (W%R) 24.80
Lane's Stochastic (%D-Slow) 76.00
Greed/Fear Indicator (GFI) 73.82
Moving Average Converg./Diverg. (MACD) 0.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.74
Williams' Percentage Range (W%R) 28.90
Lane's Stochastic (%D-Slow) 39.17
Greed/Fear Indicator (GFI) 54.53
Moving Average Converg./Diverg. (MACD) 0.51
Trading Signals
Description Value Chart
Upper Bollinger Band 35.49
Daily Stochastic Crossing 35.17
Price 35.13
Parabolic System 34.77
50 Day Moving Average 34.76
Weekly Stochastic Crossing 34.61
20 Day Moving Average 34.61
Lower Bollinger Band 34.01
Quarterly Trendline Resistance 30.14
Yearly Trendline Support 28.39
Quarterly Trendline Support 28.33
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
High 35.41
High Date 10/13/2017
Low 34.03
Low Date 11/13/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.87
Low Date 11/23/2016
High 35.41
High Date 10/13/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.70
Low Date 06/27/2016
High 35.41
High Date 10/13/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 30.14
Support 28.33
Low 27.52
Low Date 02/11/2016
High 35.41
High Date 10/13/2017
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 24.88
Support 28.39
High 36.18
High Date 05/14/2015
Low 27.52
Low Date 02/11/2016
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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