Triangles Everywhere.

      This pattern seems to show up in a lot of charts.The symmetrical triangle, which can also be be reffered to as a coil, usually forms during a trend as a continuation pattern.Regardless of the nature of the pattern, continuation or reversal the direction of the next major move can only be determined after a valid breakout.Hopefully we will get a breakout as soon as possible , until then patience is the word i would use.