Symmetric Triangle Patterns and Breakouts in 2023 and 2024

In October 2023, a symmetric triangle structure emerged following the observation of a bearish divergence in the Relative Strength Index (RSI). Subsequently, a bearish breakout occurred.

In January 2024, a symmetric triangle structure is currently taking shape after the identification of a bullish divergence in the RSI. As a result, one may anticipate a bullish breakout in the near future.
Chart PatternsTechnical IndicatorsTrend Analysis

Disclaimer