Replies to post #160955 on Triple 000 and Sub-penny Chart Plays

[trader53]

ADTM - Symmetrical Triangle Target = 0.0046

Upside BREAKOUT is Imminent !


ADTM - Symmetrical Triangle BREAKOUT any day now!


The Symmetrical Triangle Formation is Easily seen,

on both the Daily and Weekly Charts




________________________________________________________________

ADTM - At "Apex" of

Symmetrical Triangle

________________________________________________________________


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.

________________________________________________________________


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.

________________________________________________________________





_______________________________________________________________


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

_________________________________________________________________