Symmetrical broadening formations

Triangles  Triangles Symmetrical broadening wedge  Symmetrical broadening wedge
Descending wedges  Wedges Broadening wedges  Broadening wedges
Flags and pennants  Flags and pennants right-angled broadening wedge Right-angled broadening wedge
Head and shoulders Head and shoulders Double tops  Double (or triple)
 tops (or bottoms)
Rectangle  Rectangles cup with handle  Cup with handle

 

Unlike triangles, symmetrical broadening patterns are characterized by an oscillation of prices that is increasingly large between two diverging trend lines. Volumes increase progressively as the pattern forms. The exit is random, the forex price can either break out through the top or through the bottom.Symmetrical broadening patterns