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Friday, October 9, 2020
Continuation pattern using symmetrical triangles on stock/equity chart
A symmetrical triangle is formed of higher lows and lower highs which usually signals that the market is balanced and ready to move in either direction. As the triangle is being formed, the volume shrinks, and the breakout would be accompanied with great volume which lead the market to the next movement. Refer this for more information: Chart patterns in technical analysis of stocks/equity
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