As of 08/05/2024   Indus: 38,703 -1,033.99 -2.6%     Trans: 15,112 -269.42 -1.8%     Utils: 991 -27.25 -2.7%     Nasdaq: 16,200 -576.08 -3.4%     S&P 500: 5,186 -160.23 -3.0% YTD  +2.7%   -4.9%    +12.4%    +7.9%    +8.7% Overview: 07/29/2024     41,500 or 40,000 by 08/15/2024   16,500 or 15,600 by 08/15/2024   1,025 or 935 by 08/15/2024   18,200 or 16,700 by 08/15/2024   5,750 or 5,300 by 08/15/2024
 As of 08/05/2024   Indus: 38,703 -1,033.99 -2.6%     Trans: 15,112 -269.42 -1.8%     Utils: 991 -27.25 -2.7%     Nasdaq: 16,200 -576.08 -3.4%     S&P 500: 5,186 -160.23 -3.0% YTD  +2.7%   -4.9%    +12.4%    +7.9%    +8.7% Overview: 07/29/2024     41,500 or 40,000 by 08/15/2024   16,500 or 15,600 by 08/15/2024   1,025 or 935 by 08/15/2024   18,200 or 16,700 by 08/15/2024   5,750 or 5,300 by 08/15/2024

# 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.

1 / 6
Find as many symmetrical triangles on the chart as you can. For help, click here.
2 / 6
A symmetrical triangle has plenty of trendline touches with price movement filling the pattern.
3 / 6
Find as many symmetrical triangles on the chart as you can.
4 / 6
The stock has pulled back to A. Is the stock a buy?
5 / 6
Here's one way to trade the triangle. The rising wedge gives a timely exit signal.
6 / 6
Another way to trade it with a later sell signal that doesn't leave much profit.

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