A symmetrical triangle is a chart pattern used in technical analysis to indicate potential price movements in financial markets. It forms when the price action creates a series of higher lows and lower highs, resulting in converging trendlines. This pattern suggests that the market is consolidating before making a significant move. Traders often look for a breakout from the symmetrical triangle to determine the direction of the next price movement. A breakout occurs when the price moves above the upper trendline or below the lower trendline, signaling a potential continuation or reversal of the current trend.