Be independent, be your own financial planner
 
Search our Website:
Go to Bottom
 
  1. Monetizing Social Media : Find out how social media can also be a great money making tool.
 
  1. Pure Money Making tools : Here we are composing tools to help you manage, optimize and guide your internet marketing strategies!
  2. SEO Forum : Use our open forum. You can use this as an opportunity to share your links and make profits!

Symmetrical triangle

Symmetrical triangle Symmetrical triangle patterns can be characterized as areas of indecision. A chart pattern used in technical analysis that is easily recognized by the distinct shape created by two converging trendlines. A market pauses and future direction is questioned. Typically, the forces of supply and demand at that moment are considered nearly equal. Attempts to push higher are quickly met by selling, while dips are seen as bargains. Each new lower top and higher bottom becomes more shallow than the last, taking on the shape of a sideways triangle. (It's interesting to note that there is a tendency for volume to diminish during this period.) Eventually, this indecision is met with resolve and usually explodes out of this formation (often on heavy volume.) Research has shown that symmetrical triangles overwhelmingly resolve themselves in the direction of the trend. With this in mind, symmetrical triangles in my opinion, are great patterns to use and should be traded as continuation patterns.

The sharp price movement that often follows a breakout of this formation can be captured by traders who are able to identify the pattern early enough.



The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern, and is formed when a stock's highs and lows converge together to form a triangle shape. Therefore, the stock is having less and less price fluctuation. This is a stand off with the buyers and sellers. The Symmetrical Triangle pattern is considered a consolidation pattern.

A symmetrical triangle is generally regarded as a period of consolidation before the price moves beyond one of the identified trendlines. A break below the lower trendline is used by technical traders to signal a move lower, while a break above the upper trendline signals the beginning of a move upward. As you can see from the chart above, technical traders use a sharp increase in volume or any other available technical indicator to confirm a breakout beyond one of the trendlines.

While there are instances when symmetrical triangles mark important trend reversals, they more often mark a continuation of the current trend. Regardless of the nature of the pattern, continuation or reversal, the direction of the next major move can only be determined after a valid breakout.

Polls
Symmetrical triangle
  1. Trend

    : In order to qualify as a continuation pattern, an established trend should exist. The trend should be at least a few months old and the symmetrical triangle marks a consolidation period before continuing after the breakout.
  2. Four (4) points

    : At least 2 points are required to form a trend line and 2 trend lines are required to form a symmetrical triangle. Therefore, a minimum of 4 points are required to begin considering a formation as a symmetrical triangle. The second high (2) should be lower than the first (1) and the upper line should slope down. The second low (2) should be higher than the first (1) and the lower line should slope up. Ideally, the pattern will form with 6 points (3 on each side) before a breakout occurs.
  1. Volume

    : As the symmetrical triangle extends and the trading range contracts, volume should start to diminish. This refers to the quiet before the storm, or the tightening consolidation before the breakout.
  2. Duration

    : The symmetrical triangle can extend for a few weeks or many months. If the pattern is less than 3 weeks, it is usually considered a pennant. Typically, the time duration is about 3 months.
  3. Breakout time frame

    : The ideal breakout point occurs 1/2 to 3/4 of the way through the pattern's development or time-span. The time-span of the pattern can be measured from the apex (convergence of upper and lower lines) back to the beginning of the lower trend line (base). A break before the 1/2 way point might be premature and a break too close to the apex may be insignificant. After all, as the apex approaches, a breakout must occur sometime.
  1. Breakout direction

    : The future direction of the breakout can only be determined after the break has occurred. Sounds obvious enough, but attempting to guess the direction of the breakout can be dangerous. Even though a continuation pattern is supposed to breakout in the direction of the long-term trend, this is not always the case.
  2. Breakout confirmation

    : For a break to be considered valid, it should be on a closing basis. Some traders apply a price (3% break) or time (sustained for 3 days) filter to confirm validity. The breakout should occur with an expansion in volume, especially on upside breakouts.
  3. Return to apex

    : After the breakout (up or down), the apex can turn into future support or resistance. The price sometimes returns to the apex or a support/resistance level around the breakout before resuming in the direction of the breakout.
  4. Price target

    : There are two methods to estimate the extent of the move after the breakout. First, the widest distance of the symmetrical triangle can be measured and applied to the breakout point. Second, a trend line can be drawn parallel to the pattern's trend line that slopes (up or down) in the direction of the break. The extension of this line will mark a potential breakout target.

Edwards and Magee suggest that roughly 75% of symmetrical triangles are continuation patterns and the rest mark reversals. The reversal patterns can be especially difficult to analyze and often have false breakouts. Even so, we should not anticipate the direction of the breakout, but rather wait for it to happen. Further analysis should be applied to the breakout by looking for gaps, accelerated price movements, and volume for confirmation. Confirmation is especially important for upside breakouts.

Prices sometimes return to the breakout point of apex on a reaction move before resuming in the direction of the breakout. This return can offer a second chance to participate with a better reward to risk ratio. Potential reward price targets found by measurement and parallel trend line extension are only meant to act as rough guidelines. Technical analysis is dynamic and ongoing assessment is required. In the first example above, SUNW may have fulfilled its target (42) in a few months, but the stock gave no sign of slowing down and advanced above 100 in the following months.

Commonly, the Symmetrical triangle pattern is a strong signal of a pending breakout, meaning that eventually either the buyers or the sellers will win the battle. When the battle is finally won by the buyer then a bullish run is likely and when won by the sellers, a bearish price drop is likely. When planning an entry into a stock with the Symmetrical Triangle Pattern, a trader would place an order inline with a buy triggered from a breakout through the top line of the triangle and a sell triggered from a breakout below the bottom line of the triangle.


Share prices charts

Stock market for beginners

  1. RSI chart
  1. 2652
    The best way to day-trade is the 2652 theory of day trading.
    1. 2652 theory of trading
    2. High low trading
  2. Buy the company
    Stock market can be irrational in short term. Good companies can make temporary losses. But an investor should not get diverted by this.
  3. Contrarian investing
  4. Outperform the market
  5. Day trading guide
  6. Head and shoulders pattern
  7. News trade
  8. Rebate trade
    This is an equity trading style that uses ECN rebates as primary source of profit and revenue.
  9. Scalping trade
  10. Trade systems


Pinterest seo

Socializer
FREE service to make updating your social networks a snap!
Polls
Pinterest is a social photo sharing website that has also been described as an online pin board. In my case, Pinterest ranks 3rd as a source of traffic referral for my website. 1st, is Twitter, followed by Facebook. While I still love to pin images of cutesy Lab puppies, for the most part, I use Pinterest to refer traffic to my website where authors can read my blog, buy my books, or hire me.

Most SEO "Guru's" will tell you that Pinterest is useless for search engine optimization because "it is only pictures." I'm about to prove them wrong. Pinterest is one of the most powerful and underutilized forms of social media on the internet. Not only is Pinterest a great platform to enhance your SEO efforts, but it's traffic also has a higher "commercial intent" (meaning people looking to buy) and, therefore, is much "warmer."

  1. Backlinks & Referrals


    Every image pinned to a Board has a link back to its original published source. These are valuable backlinks and can provide referral traffic as well. Capitalize on this. Posting your product and service images and videos is a great place to start. However, keep in mind that it's important to avoid being blatantly self-promotional - remember to provide value to your audience by sharing quality content that is relevant to their interests and worth liking, commenting on, and re-pinning.

    For this very reason, Get Free Followers encourages its users to do all the above stuffs - by paying them for this. Below article explains how:

    1. Get paid to Pin on Pinterest
      Can Pinterest really make you money? Get Free Followers helps you make some bucks out of Pinterest Pins in 2 ways - directly and in-directly.
  2. Take advantage of keyword targeting


    Google now indexes personal Pinterest profiles and private Pinterest boards. Adding keywords to your boards increases the odds of them appearing in a search.
  3. Web Presence


    Pinterest is yet another web presence point. Simple as that. Just like Facebook, YouTube, Twitter, LinkedIn and Google+, Pinterest has gained enough momentum and significance that excluding it any longer may negatively impact your web presence compared to your competitors.
  4. Competitors


    Your competitors are likely using Pinterest on Get Free Followers already. This is a grand enough reason to get started. But better yet, if they are not, you can take advantage of the situation and start building out your Pinterest presence before they do.
  5. Gain better insights into analytics for targeting


    Using Pinterest for Social SEO can also help with better report-ing in your ana-lyt-ics. In your analytics report you can see which pieces of Pin-terest con-tent earned a refer-ral click. You'll be able to track people who pro-mote your con-tent, inter-act with them and map out a bet-ter pro-mo-tional strategy with feed-back and ana-lyt-ics stats from them on what kind of con-tent works best.
  6. Pinterest is not going away in the near future.


    In December 2011, the site became one of the top 10 largest social networking sites, according to Hitwise data, with 11 million total visits per week - this number increased to 21.5 million visits for the week ending January 28, 2012. According to Experian's 2012 Digital Marketer: Benchmark and Trend Report, Pinterest is now the third most popular social network in the U.S. behind Facebook and Twitter, having surpassed LinkedIn.

Pinterest and High Commercial Intent

I refer to use Pinterest as the "Bridge to Amazon" and here is some data to back that up:
  1. 88% of people purchase what they pin
  2. Pinterest has over 70 million users
  3. The 70 million users have posted a combined total of over 30 million pins
  4. 80% of pins are re-pins (like re-Tweets)

VK social media

 

Image SEO

  1. VK Page
  2. VK find Friends
  3. VK promotion
    VK public Groups are organically searchable in Yandex which is the top Russian search engine. Get Free Followers provides you this professional and super fast service to give 100% REAL and active VK users - willing to be members of your Group and make it popular.
  4. VK photos
  5. VK like
  6. VK post
  7. VK marketing
    Get Free Followers can help your VK Post reach millions of VK users, without needing you to spend much time on it!
  8. VK videos
    Do you know that you can also post videos in VK - the Russian Facebook? Yes - as you guessed it by now - VK, the social giant, can also be used for marketing your videos.
  9. VK video player
 
  1. Design Float
    Are you looking to get your content posted in Design Float? It's a social bookmarking site where users submit and discuss latest news in the worlds of technology, social media and programming.
  2. Design Shovel
    Design Shovel is a place to find the top rated web design/development, digital art, traditional art and graphic design articles published online. Get Free Followers helps you get into their ratings FREE!
  3. VK photos
  4. How to increase Likes on Facebook Photo?
  5. Make money with Instagram Likes
  6. Get paid to Pin on Pinterest
  7. How to get more Repins on Pinterest?
  8. How to get Retweets?
    One way to get search engine exposure is - post your photos to Twitter - with some good message of course. Then use Get Free Followers to boost Retweets on those.
Get Free Followers
Content updates

Email Notification

Share on APSense

Seed Newsvine

Pure Money Making tools

Marketing / SEO   Business Blogs
Blogarama - Blog Directory   Top Small-Business Sites
  bookmark at folkd
Increase Page Rank   Wutzle - Blog DirectoryWutzle - Blog DirectoryMy Blog Rating
My Zimbio   Top Blogs
laksamana786

Newest Posts

Pure Money Making community

 
 
You are here :
Home » Share Trading » Share prices charts » Symmetrical triangle
Bookmark this topic :
Bookmark and Share
 
 
Subscribe to our Content Pure Money Making updates Subscribe to our Community Financial information sites Internet business services Websites of the future

Join Traiborg

 
 
 
 
 
Go to top
 
Home  |  About Us  |  Contact Us  |  Links  |  Submit Your Site  |  Exchange Link  |  Sitemap  |  XML Sitemap  |  Toolbar Copyright © 2009-2014 Pure Money Making.net.
All Rights Reserved.