A symmetrical triangle pattern occurs when the price movement forms a series of lower highs and higher lows, causing resistance to slope downwards and support to slope upwards, and eventually converges.

This is also often referred as price consolidation. There is indecision in the market as to where the price will move.

Since this pattern is a neutral pattern, breakout may occur either from resistance or from support. Once a breakout has occurred, price is expected to move approximately the height of the triangle.

In this pattern, we enter the trade depending on where the breakout candle will occur.