jcollet

Simetric Triangle in ETHUSD

Short
KRAKEN:ETHUSD   Ethereum
This following chart we can see the triangle patter forming as we approach to draw the first point at point A. Meaning the point A is our highest and first point in the chart. We proceed to trace our lowest low making it the second point in our pattern, naming it point B.

Then we continue tracing a trend line in the upper trend and the down trend as well to make sure the patter is forming as we see it.

After that, we press the triangle tool button again to trace the second high of our patter (which is lower than the first one) and press to place the second lowest point (which higher than the first one). Making this the symmetric triangle patter because both trends keep going the ways they are and making tops and bottoms less distant of each others. We can place our position here.
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