For technical analysts,the pattern formed by a series of price fluctuations composed with each top and bottom smaller than its predecessor and with transaction volumes usually diminishing is a/an:
A) ascending triangle.
B) symmetrical triangle.
C) descending triangle.
D) pole.

Question

Quizplus · Accepted Answer

A symmetrical triangle pattern in technical analysis is characterized by a series of price movements where each successive peak is lower than the previous one and each trough is higher than the one before, typically with decreasing volume. This pattern indicates a period of consolidation before the price breaks out.

For Technical Analysts,the Pattern Formed by a Series of Price