Symmetrical Triangle
Also known as: Coil
Falling highs and rising lows converge. The direction is open – only the breakout decides which way it goes.
How it forms
A falling upper and a rising lower trendline form a symmetrical triangle. Price swings with shrinking range, and volume dries up toward the apex.
How it is typically traded
On a confirmed breakout from the triangle – in the direction of the break, do not position beforehand.
The height of the triangle at its widest point, projected from the breakout in the breakout's direction.
On the opposite side of the breakout.
Where & when – and the limits
Tends to continue the prior trend but is fundamentally direction-neutral. False breaks are common – wait for confirmation (close/volume) instead of guessing the direction.
Related patterns
Education, not investment advice. Chart patterns describe probabilities, not guarantees – they fail regularly. Always manage risk with stop-loss and position size.
Learn more in the academy