Symmetrical Triangle as a Re-Accumulation.

Re-Accumulation within a larger uptrend is the schematic on display which friends/members may find useful. Everything that one needs to know is on this schematic as far as the theory is concerned.

Be rest assured, you may pay some ridiculous sums for some so called TA courses (quite a few in town) and walk out barely learning anything or run around some so called mentors and hit a brick wall and do your hard earnt. Keeping out of that sorts of rubbish and focusing on self-education is the way in my opinion. So many well written and top quality books are at our disposal, why not be our own educator and mentor ? Give most of these so called educators and mentors the boot !

To the point now. Congestion/Flat/Trading Range/Sideways price action behaviour may follow as a correction during major uptrends. This correction can manifest itself as a triangle. Symmetrical, ascending,descending or expanding. 4 in total. Focus on the following as a very useful addition to the triangle.

There are times where wave e of the triangle may overshoot( not the case here) or undershoot (which is also shown on the chart) the high or low of wave a as shown. Should this be the case, we call this a Wyckoff Spring or a Shakeout. Quick reversal back into the pattern and completion of the pattern will be sharp as the next mark-up is now well and truly underway.

Keep well and chart well.

Double click on the schematic for the enlarged version.

Symmetrical Triangle as Re Accumulation

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