Symmetrical Triangle
Also called: coil
A consolidation of lower highs and higher lows converging to a point, where a breakout in either direction resolves the squeeze.
A symmetrical triangle forms as the range narrows: each rally peaks lower and each dip bottoms higher, coiling price toward an apex. It reflects indecision and a volatility contraction that often precedes a sharp expansion move.
Because it's neutral, traders wait for the breakout to pick a side — a close outside either trendline on rising volume — rather than predicting the direction in advance.
On StockSetups
Symmetrical triangles are tagged neutral in StockSetups' pattern-bias model; the scan surfaces the bullish resolution on the long board, and the volatility-squeeze indicators (Bollinger/TTM) help flag the coil before it fires.
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