Point and Figure Symmetrical Triangle Down

A Symmetrical Triangle Down occurs when the low box of bar 0 is equal to or lower than the low box of two bars ago, the low box of two bars ago is exactly two boxes higher than the low box of four bars ago and the high box of one bar ago is exactly two boxes lower than the low box of three bars ago.


Reference: Kaufman, Perry J.. The New Commodity Trading Systems and Methods. New York, New York: John Wiley & Sons, 1987.