What is symmetrical triangle candlestick pattern :

What is symmetrical triangle candlestick pattern :

WHAT IS THE SYMMETRICAL TRIANGLE CANDLESTICK PATTERN : Symmetrical triangle ak common chart pattern ha jo ka appears tab hota ha jab market ma koi ongoing trend chal raha hota ha or ya pattern indicates karta ha prices ka consolidation hona ka is sa phalay moving higher ya lower ma hona ka. Ya pattern characterized hota ha two converging trend lines ka sath jo ka banai ha triangle ki shape ko. Is pattern ki formation kuch similar hoti ha ascending triangle pattern or descending triangle pattern ka, magar jo symmetrical triangle ha is ma koi bhi lower or upper trend line ni hoti, is ma upper descending trendline or lower ascending trend line ho ge. Ya symmetrical triangle pattern bullish bhi ho sakta ha or bearish bhi, is ma ya depending kar raha ho ga direction ma trend ka or is triangle pattern ki formation sa phalay jo market ki condition ho ge os par. Is pattern ko use karay ga technical traders or ya is sa find karay ga exciting trend ko following jo breakout ho ga os sa. Is ma price consolidation ho ge or ya signals da gi continuation ka previous trend ka. Ya ak bahot hi common triangle chart pattern ho ga or is ko widely used kiya jata ha. HOW TO IDENTIFY AND USE SYMMETRICAL TRIANGLE PATTERN : Is symmetrical triangle ki formation ho ge price chart ma jab price consolidation ho raha ha ho ga trend ma. Ya ak natural chart pattern ha is ma two trend lines ho ge jo ka move kar rahi ho ge each other ma market ka period ma or jab market ma trades sideways ma ho ge or ya bana rahi ho ge higher lows or lower highs ko. Is ma traders dakah ga price level ko jis ma dono trend line intersect ho ge, or ya breakout level ho ga. Ya jo chart ha above ma EUR/GBP 30 min ka is ma hum dakh sakta ha price ka consolidation ka phase ko jo ka following kar rahi ha bullish ki movement ko. Is ma jo price action ha ya sideways ma ha or lower highs or higher lows ban raha ha or is ma two converging trend line ha ya meet jo rahi ha. Traders ka liya ya perfect entry level ha or stop loss ha lowest level ma is ka jo previous bearish ka price swing ha os ka. Steps to identify symmetrical triangle candlestick pattern : 1: Is symmetrical pattern ko find karna ka liya sab sa phalay is ma identify karna ho ga price consolidation ko jab bullish or bearish ka trend chal raha ho ga. 2: Next step ma is ma draw karna ho ga descending upper trend line ko jo ka lower highs ma ho ge or ascending lower trendline ko jo ka higher lows ma ho ge. 3: or is ma hum add karay Fibonacci retracement level ko. 4: Is ma enter karay ga trade ko or ya direction ma ho ge breakout ka. Is ma wait karna ho ga first candle ka complete hona ka breakout ka bad or ya close below ya above ma ho ge trend line ka. 5: set karay ga is ma stop loss ko or use karay ga is ma risk reward ratio ko. HOW TO TRADE USING SYMMETRICAL TRIANGLE CANDLESTICK PATTERN : Or chart patterns ki trha sa is ma effectively trade ho ge is symmetrical triangle pattern ma or is ma find karna ho ga breakout level ko. Ya symmetrical triangle ak continuation chart pattern ha is ma dakha ga enter position ko previous trend ki direction ma. Is pattern ki two types ho ge or in ko use karay ga combination kar ka Fibonacci levels ka sath. BULLISH SYMMETRICAL TRIANGLE PATTERN AND FIBONACCI RETRACEMENT LEVELS : Bullish symmetrical triangle ak bullish continuation pattern ha ya signals data ha traders ko ka kidr sa join karna ha upward ka trend ko yani ka ya upwards price ka continue hona ka signal da ga. Jasa ka above ma chart ko dakh sakta ha is bullish symmetrical pattern ke formation hoi ha trend ma or is ma two converging line bani ha price ka consolidation sa or ranging market ma. Adding karay ga Fibonacci levels ko chart ma jo ka help karay ga confirm karna ki breakout or ya help karay ga find karna ka correct levels ko stop loss or profit order ko take karna ki. Jo breakout banay ga ya above ma ho ga 23.6% level ma. Jo is ma stop loss ho ga is ko dakha ga insert karay ga order ko below ma lowest price level ka previous trend ka. Or take profit target located ho ga 50%,61.8% or 78.6% ka levels par. BEARISH SYMMETRICAL TRIANGLE CHART PATTERN AND FIBONACCI RETRACEMENT LEVELS : Ya bearish symmetrical triangle pattern kam same button symmetrical triangle pattern ki trha sa karay ga magar ya opposite direction ma ho ga. Is ka matlab ha ka hum dakha ga is pattern ko downward trend ma or is ma hum trying karay ga selling ki position ko enter karna ka. Ya jo below ma chart ha EUR/GBP ka 30 min ka is ma hum dakh sakta ha two converging trend lines ko jo ka bani ha jab bearish ka trend ha or ya eventually connect ho rahi ha. Is case ma traders enter karay ga selling position ko jab price breaks karay gi breakout level ko or ya chart confirmed ho ga 61.8% ka level par. Stop loss ko placed karay ga highest level ma is triangle pattern ka start hona sa phalay jo ka around ma 50% Fibonacci level ma ho ga. Jo profit target ho ga is ko located karay ga 78.6% ka level par lowest level ka previous trend ka.