The Greedy Trader Weekly Analysis
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Weekly Pattern:Symmetric Triangle
Number of records: 14
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- 10/11/2019 -
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Symbol Weekly GFI Oscillators Trend Analysis Ranking Technical Candle Watch 
ADI 111.22-1.60%34.6547.45 7 122 2 10/09/19	Bullish  Harami
10/08/19	Bearish  Long Red Real Body
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AKS 2.5012.61%46.9346.68 1 60 3 Add to Watch List
BBY 69.533.95%57.5639.89 4 30 4 Add to Watch List
C 70.102.82%65.0764.40 8 125 2 Add to Watch List
FB 184.192.07%54.9138.93 7 81 3 Add to Watch List
GD 179.631.69%34.9951.19 10 134 1 Downtrend Broken Resist.Add to Watch List
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.
# 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.
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Warning: 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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