A triangle pattern can take much longer, sometimes forming over the course of months or years. In fact, if a pennant pattern drags on into its 12th or 13th week, it is usually considered to have ...

Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Alistair Berg / Getty Images A triangle chart pattern is a tool used in ...

The triangle pattern looks like a triangle. It forms in the middle of a trend. The triangle pattern forms because investors think that the stock price won’t go much higher in an uptrend or lower ...

Ascending triangle pattern breakdown target illustration. Beware of fakeouts. Some clues can be obtained by checking the accompanying trading volume. An uptick is typically seen as a sign of strength.

Nevertheless, each is a consolidation pattern. The expanding triangle can be either a continuation or reversal pattern. Top of Triangle Provides Possible Initial Target Following New Highs.