The symmetrical triangle pattern is a consolidation phase. It reflects indecision in the market, as both buyers and sellers lose momentum.
Research shows that most breakouts happen around 61.8% to 78.6% of the triangle’s total formation time. You can spot this timing range using Fibonacci ratios.
Key considerations:
Timing matters. If the price breaks out too early or too late (outside that 0.618–0.786 spot), it might not be as reliable.
Volume is your best friend. A strong breakout usually comes with a volume spike.
Research shows that most breakouts happen around 61.8% to 78.6% of the triangle’s total formation time. You can spot this timing range using Fibonacci ratios.
Key considerations:
Timing matters. If the price breaks out too early or too late (outside that 0.618–0.786 spot), it might not be as reliable.
Volume is your best friend. A strong breakout usually comes with a volume spike.
Trade closed: target reached
The Beauty of Time AnalysisThe breakout from the symmetrical triangle happened right on time—within the 61.8%–78.6% Fibonacci time zone. The move happened exactly when we expected it, proving how useful Fibonacci timing can be.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.