As of 11/27/2023

Indus: 35,333 -56.68 -0.2%

Trans: 14,904 -190.22 -1.3%

Utils: 866 -0.47 -0.1%

Nasdaq: 14,241 -9.83 -0.1%

S&P 500: 4,550 -8.91 -0.2%

YTD

+6.6%

+11.3%

-10.5%

+36.1%

+18.5%

Targets Overview: 11/14/2023

35,450 or 34,050 by 12/01/2023

15,400 or 14,150 by 12/01/2023

900 or 825 by 12/01/2023

14,450 or 13,550 by 12/01/2023

4,600 or 4,350 by 12/01/2023

Chart Pattern Indicator:

on 11/17/23

As of 11/27/2023

Indus: 35,333 -56.68 -0.2%

Trans: 14,904 -190.22 -1.3%

Utils: 866 -0.47 -0.1%

Nasdaq: 14,241 -9.83 -0.1%

S&P 500: 4,550 -8.91 -0.2%

YTD

+6.6%

+11.3%

-10.5%

+36.1%

+18.5%

Targets Overview: 11/14/2023

35,450 or 34,050 by 12/01/2023

15,400 or 14,150 by 12/01/2023

900 or 825 by 12/01/2023

14,450 or 13,550 by 12/01/2023

4,600 or 4,350 by 12/01/2023

Chart Pattern Indicator:

on 11/17/23

Symmetrical Triangle Quiz

Updated 3/6/2019.

A symmetrical triangle is a common chart pattern but it's not easy to trade. The breakout is difficult to spot because it depends on price crossing a diagonal trendline.

After a breakout occurs, the stock may wobble up and down as it decides on a trend direction. According to research for my Chart Patterns: After the Buy book, the symmetrical triangle busts more often than ascending or descending triangles, for both breakout directions.

What does that mean? Price often reverses direction after the breakout to start a new trend in the direction opposite the breakout.

Symmetrical Triangle: Quiz

Below is a six-slide quiz to test your ability to identify symmetrical triangles and trade them. Captions appear below the pictures for guidance, so be sure to scroll down far enough to read them.

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