Define: Symmetrical Triangle

UK Accounting Glossary

Definition: Symmetrical Triangle



Advertisement



Full Definition of Symmetrical Triangle


Symmetrical Triangle is a chart pattern used in technical analysis that is easily recognized by the distinct shape created by two converging trendlines. The pattern is identified by drawing two trendlines that connect a series of sequentially lower peaks and a series of sequentially higher troughs. Both trendlines act as barriers that prevent the price from heading higher or lower, but once the price breaches one of these levels, a sharp movement often follows.


Advertisement




Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/symmetrical-triangle/
Modern Language Association (MLA):
Symmetrical Triangle. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. March 29, 2020 https://payrollheaven.com/define/symmetrical-triangle/.
Chicago Manual of Style (CMS):
Symmetrical Triangle. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/symmetrical-triangle/ (accessed: March 29, 2020).
American Psychological Association (APA):
Symmetrical Triangle. PayrollHeaven.com. Retrieved March 29, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/symmetrical-triangle/

Definition Sources


Definitions for Symmetrical Triangle are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd March 2020.