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Crypto · chart pattern

Symmetrical triangle on Optimism

On Optimism the symmetrical triangle showed up 32 times. The target came first 34% of the time, the stop 62%, and 3% went nowhere within 12 candles.

Counted on Optimism (OP/USDT): daily candles from June 2022, 4-hour candles from June 2022 and hourly candles from June 2022.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily250%50%0%
4-hour1040%60%0%
Hourly2030%65%5%

Optimism against the rest

ChartsFoundTarget firstStop firstWent nowhere
Optimism3234%62%3%
All Crypto charts1,50638%58%4%
Every market2,04939%57%4%

Year by year

YearFoundTarget firstStop first
2023743%57%
2024425%75%
2025838%62%
20261136%55%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the symmetrical triangle is

Lower highs and higher lows squeeze into a point, then price picks a side.

Imagine two walls sliding toward each other with a ball bouncing between them. The space keeps shrinking, so the ball must escape one way or the other. A symmetrical triangle is price squeezed like that, and nobody knows which side it will pick until it breaks.

The full symmetrical triangle lesson, video and quiz ›

Other patterns on Optimism

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Volume profile bounce · Volume profile rejection · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bearish cross · all of them

The symmetrical triangle elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot

Questions

How often does the symmetrical triangle work on Optimism?

In 32 cases on Optimism, the target (1.5 × ATR) came before the stop (1 × ATR) 34% of the time and the stop came first 62%; 3% went nowhere within 12 candles.

What is the symmetrical triangle?

Lower highs and higher lows squeeze into a point, then price picks a side.