Replies to post #29427 on lowtrade

[lowtrade]

Symmetrical Triangles and Flag/Pennants are 2 patterns which often are used incorrectly.

Heres what you should be looking for with symt triangles;



And heres the common mistakes with flags & pennants;

[lowtrade]

Here is one which being an optimist may help. Could go either way.

[lowtrade]

Result of down trend symt triangle

The pattern is pretty reliable if you pick the up trending one to continue from.