Security is making Higher lows and Lower Highs forming a symmetric triangle, A symmetric triangle breakout at the lower level has been more favorable than the upside.

Currently, the Security is trading near Fast and Slow EMA. For a breakout, the security has to close above/below the falling/rising trendline. After the breakout, a position can be entered in the security in the upside/downside direction. To confirm the move, the pair must trade above Fast /Slow EMA.

Symmetric Pattern (Expected Breakout on the upside)

Aug 29 2023