Formation of symmetrical triangle?
http//www.investopedia.com/articles/technical/03/091003.asp
"these patterns, both the symmetrical triangles on the bullish as well as the bearish side are known to experience early breakouts that give investors a "head fake". Hold off for a day or two after the breakout and determine whether or not the breakout is for real. Experts tend to look for a one-day closing price above the trendline in a bullish pattern and below the trendline in bearish chart pattern.
Remember, look for volume at the breakout and confirm your entry signal with a closing price outside the trendline. " by Investopedia Staff.
What your position?
