![]() The formations are usually very short in duration, from a few days to 3 weeks, and mark the halfway point in a quick price move. TradingView - Ideas - Symmetrical Trianglesįlags and pennants look alike and in many ways their performance is similar, too.The Symmetrical Triangle: A Reliable Workhorse.Prices trend down then form lower highs and higher lows following two sloping trendlines that eventually intersect. Wait for a downside breakout, then the failure rate drops to just 4%. Investopedia - Terms - Descending Triangles. ![]()
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