Millionaire Triple 000 Club

[trader53]

S&P 500 - Symmetrical Triangle BREAKOUT




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S&P 500 - for Monday, October 15, 2018

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The Kick-Off Months in the OTC - Jan/Feb - Jun/Jul

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=137701925

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The SPX, NAZ, NDX, TRAN
all continue to make new all-time highs.

Still expecting all indices
to reach all-time new highs
before the bull market concludes.


We are currently expecting SPX 3,053

Generally in line with our mid-2016 target
of SPX 3,000+ by 2018+

https://caldaro.wordpress.com/

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Symmetrical triangles
are usually continuation patterns
with converging trend lines.

Ideally,
a stock breaks out from a symmetrical triangle
prior to reaching the apex of the triangle
with volume expansion.


Chart Patterns

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns

Symmetrical Triangle (Continuation)

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:symmetrical_triangle_continuation

http://thestockbandit.com/symmetrical-triangle/

http://thepatternsite.com/st.html




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Trend:

In order to qualify as a continuation pattern,
an established trend should exist.

The trend
should be at least a few months old
and the symmetrical triangle
marks a consolidation period
before continuing after the breakout.

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Price Target:

There are two methods
to estimate the extent of the move after the breakout.

First,
the widest distance of the symmetrical triangle
can be measured and applied to the breakout point.

Second,
a trend line can be drawn
parallel to the pattern's trend line
that slopes (up or down) in the direction of the break.

The extension of this line
will mark a potential breakout target.

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Symmetrical triangles
are usually continuation patterns
with converging trend lines.

Ideally,
a stock breaks out from a symmetrical triangle
prior to reaching the apex of the triangle
with volume expansion.

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:symmetrical_triangle_continuation

http://thestockbandit.com/symmetrical-triangle/

http://thepatternsite.com/st.html

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http://stockcharts.com/h-sc/ui?s=%24SPX&p=W&yr=1&mn=5&dy=0&id=p84499328034



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