Technical Analysis - ​Chart Pattern - Symmetrical Triangle 
A Symmetrical Triangle is a chart pattern creation where the slope of the price’s highs and the slope of the price’s lows converge together to a point where it looks like a triangle.
This means that neither the buyers nor the sellers could push the price far enough to make a distinct trend. If such type of pattern happens, we get lower highs and higher lows.
If this were a war between the buyers and sellers, then this would be a draw.

​Since we already know that the price is likely to break out, we can just grab a ride in whatever way the market moves. In the above situation, purchasers wins and the price break and advance in upward direction.
In this example, if we put an entry order above the slope of the lower highs at white top, we would’ve been carried along for a pleasant ride up.
If you had put another entry order below the slope of the higher lows, then you would cancel it as soon as the first order was hit. Also, the most important thing in trading is to must put stoploss in every transaction to avoid false breakout and significant loss.

Technical Analysis - ​Chart Pattern - Bullish Pennant
The Bullish Pennants signal indicator are that bulls are going to go a-charging again. This suggests that the strong ascent in price would resume after the short time of consolidation in price when the bulls amass enough energy to propel the price higher again. In this scenario, the price made a steep vertical increase before taking a rest.

​Just like we predicted, the price made another big move in rising direction after the breakout. To play this trade, trader can place the long order just above the white top of the pennant and stop below the bottom of the pennant to avoid fakeouts.

Technical Analysis - ​Chart Pattern - Bearish Pennant
A Bearish Pennant is created at some point of a severe, virtually vertical, downturn. After that significant drop in price, some sellers closed their positions even as other sellers determine to join the trend, causing the market consolidate for a moment. As soon as sufficient sellers jump in the trend, the price breaks below the bottom of the pennant pattern and continue to go downward direction.

As you can see, the slide in price proceeded after the price made a breakout to the bottom. To trade this chart pattern, we’d put a short order at the black bottom of the pennant with a stop loss above the pennant

​Technical Analysis - Chart Pattern - Bullish Rectangle 
Formed when the price consolidates for some length in an upswing.
This happens due to the fact that purchasers may want to pause and catch their breath before taking the pair much higher.
In this scenario, price broke the top of the rectangle chart pattern and continued to shoot upward.
Look at the chart, how the price climbed all the way upward after breaking above the top of the rectangle formation.
If we had a long order on white top of the resistance level and stoploss at lower point of second candle, we would’ve caught some pips (“percentage in point” or “price interest point”) on the trade!

Technical Analysis - Chart Pattern - Bearish Rectangle 
Bearish Rectangle is produced when the price consolidates for a moment all through a decline.
This happens due to the reality sellers probably need to freeze and collect their breath before taking the pair further lower.
In this situation, price breached the lowest of the rectangle chart pattern and continued to rocket down.
Price broke the bottom of the rectangle chart pattern & went towards the downward direction.
If we put a short order exactly below the support level, we would have made some nice profit on this trade.
The tip: Once the pair goes below the support level, it tends to make a move that is around the size of the rectangle formed.