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 ...

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.