In the following char we are seeing a combination of support and resistance lines that provides the information as a triangle.
Both lines can be place where it can be touched and for that matter can be a triangle pattern.
When we place our highes high on the price of the index we have to place our second point on the lowest low of the price (which both are getting closer of each other).
Then we close putin the third and fourth point on the second lowes and second highest. Forming our triangle. Which is consider a symmetric triangle because of the correlation of the lines (that are getting along).
in this case we can place an order of a long position.
Both lines can be place where it can be touched and for that matter can be a triangle pattern.
When we place our highes high on the price of the index we have to place our second point on the lowest low of the price (which both are getting closer of each other).
Then we close putin the third and fourth point on the second lowes and second highest. Forming our triangle. Which is consider a symmetric triangle because of the correlation of the lines (that are getting along).
in this case we can place an order of a long position.