A Bottom Triangle Wedge / Symmetrical Continuation Triangle are bullish pattern signal. It is a reversal of the current downtrend. These patterns have two converging trend lines. The pattern will display two highs touching the upper trend line and two lows touching the lower trend line. They are confirmed when the price breaks upward out of the formation to close above the upper trend line.
How to trade this pattern?
For its best prediction, an established trend should exist, either a strong down or a strong uptrend. Once the indice pair breaks out the symmetrical triangle, most likely, the price will continue it's previous trend.
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