The symmetrical triangle, also referred to as a coil, usually occurs during a trend as a continuation pattern. The pattern includes at least two low highs and two high lows. When these points are joined, the lines merge as they get longer and the symmetrical triangle takes shape. You can also think of it as a contraction wedge that is initially wide and shrinks over time.
Trend: In order to qualify as a continuation pattern, there must be an established trend (at least a few months). The symmetrical triangle indicates a period of consolidation before continuing after the break.
Four (4) Points: At least 2 points to form a trend line and 2 trend lines to form a symmetrical triangle. Therefore, at least 4 points are required to start thinking of a formation as a symmetrical triangle. The second high (2) should be lower than the first (1) and the top line should slope down. The second low (2) should be higher than the first (1) and the bottom line should slope up. Ideally, the pattern will form 6 points (3 on each side) with gold signals  before a break occurs  .
Volume: As the symmetrical triangle expands and the trading range narrows, the volume should begin to decrease. This means silence before the storm or tightening consolidation before the explosion.
Duration: The symmetrical triangle can stretch for a few weeks or a few months. If the pattern is less than 3 weeks, it is generally considered a streamer. Typically, the duration is about 3 months.
Breakout Timeframe: The ideal breakout point occurs at 1/2 to 3/4 of the model's development or time span. The time span of the model can be measured from the top (convergence of the upper and lower lines) to the beginning (base) of the lower trend line.  A break before gold trading signals  1/2 waypoint could be early and a break too close to the top could be negligible. After all, as the hill approaches, a rupture must sometimes occur.
Breakout Direction: The future direction of the break can only be determined after the break occurs. Seems obvious enough, but trying to predict the direction of the breakout can be dangerous. Although a continuation pattern is expected to break in the direction of the long-term trend, this is not always the case.
Breakout Confirmation: A break must be on a close basis to be considered valid. Some traders apply a price (3% break) or duration ( free gold signals are maintained for 3 days) filter to confirm validity . Breakout should occur with an expansion in volume, especially in upward breaks.
Return to Apex: After the break (up or down), the peak can turn into future support or resistance. Sometimes the price returns to the peak or support / resistance level around the breakout before continuing in the direction of the breakout.
Price Target: There are two methods of estimating the size of the move after the break. First, the widest distance of the symmetrical triangle can be measured and applied to the breaking point. Second, a trend line can be drawn parallel to the trend line of the pattern that slopes in the direction of the break (up or down). The extension of this line will mark a potential breakout target.

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