How To Trade The Symmetrical Triangle (Higher Lows, Lower Highs)

Lower Highs are represented by the diagonal trend line. These lower highs are the resistance line.




Higher Lows are represented by the diagonal trend line. These higher lows are the support line.




Breakout Candlestick



Retest Candlestick




How To Trade The Triangle Chart Pattern

First, Look For An Up Trend


Second, Draw Diagonal Support Line and then draw Diagonal Resistance Line. These lines are your levels.


Third, Wait For The Breakout Candle. Enter after the candle closes.


Fourth, Wait For A Candlestick To Retest Diagonal Trend Line. Enter after the retest candlestick closes.


Fifth, Set Target Using Height of Pattern