Which of the following statements is NOT true?
A) Triangles can be ascending descending or symmetrical
B) A symmetrical triangle provides an ambiguous signal
C) A symmetrical triangle provides an unambiguous signal
D) An ascending triangle occurs when buyers come into the market at progressively higher levels while sellers get out at the same level

Question

Quizplus · Accepted Answer

A symmetrical triangle is considered an ambiguous signal because it can break out in either direction, unlike an ascending or descending triangle which tends to have a more predictable outcome based on the direction of the trend leading into the pattern.

Which of the Following Statements Is NOT True