HomeContributorsTechnical AnalysisSymmetrical Triangle Forming On The Nikkei

Symmetrical Triangle Forming On The Nikkei

Flipping through the charts last night, I came across this and wondered, is the sun setting on the Nikkei?

What we’re seeing here is a symmetrical triangle pattern forming on the daily chart. Now, ideally i’d like to see a few more touches of the trendline, but the pattern is still valid. While symmetrical triangles are relatively unbiased in direction, this overall does look bearish.

Featured Analysis

Learn Forex Trading