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In recent years their has been a move away from simple chart formations to more complex forms of trading and price led indicators, but there are

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

numerous great chart patterns to trade and here we are going to look at one of the best – the symmetrical triangle.

This is a formation is one a

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

ll traders should look out for and trading it is easy and can be very profitable. Let’s take a look at it.

The symmetrical triangle usually form

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

s during a trend as a continuation pattern - the pattern contains at least two lower highs and two higher lows.

When these points are connected

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

together, the lines converge as they are extended and the symmetrical triangle takes shape on the forex chart and is wide at the start and narrow

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

s over time.

Why They Occur

symmetrical triangles are areas of indecision by market participants, typically the forces of supply and demand are

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

fairly equal and in synch and a previous trend pauses.

Attempts to push higher are quickly met by selling, while dips are met by buying.

Each

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

new lower top and higher bottom becomes more shallow than the previous giving it the shape of a sideways triangle.

Eventually the sideways patte

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

rn changes and is met with decisive buying or selling and prices breakout of the formation.

Using symmetrical triangles

1. Trend Direction

To

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

qualify as a continuation pattern, an established trend should already exist and the trend should be at least 3 months old.

2. Validity

At leas

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

t 2 points are required to form a trend line and 2 trend lines are required to form a symmetrical triangle.

4 points are required to define a fo

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

rmation as a symmetrical triangle. The second high (2) should be lower than the first (1) and the upper line should slope down.

The second low (

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

2) should be higher than the first (1) and the lower line should slope up.

The longer the triangle takes to form and the more times it is tested

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

the more valid it tends to be.

3. Duration

If the pattern is less than 3 weeks, it is normally considered to be a pennant ,so you are looking

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

at 1 – 3 months as typical durations.

Trading the Break

Now you know what a symmetrical triangle is, its time to look at how to trade them and

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

the breakout that will inevitably come.

1. Wait for the breakout

While most breakouts of symmetrical triangles are normally in the direction o

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

f the trend not all are – so wait for confirmation before trading.

Don’t be tempted to predict a break - wait.

2. Confirmation:

For a break to

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

be considered valid, it should be on a closing basis only.

It is also a good idea to check that price momentum is strong using a confirming mom

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

entum indicator such as the stochastic or Relative strength index to add an additional filter.

So there you have it a quick guide to trading one

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

of the best chart patterns – look out for them and use the above tips to trade and hopefully they will help you pile up some nice forex profits.

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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