The triangle is either fully or nearly completed. This means that price could be building a wave E (purple) of wave 4 now or soon. An unexpected bearish breakout (orange arrows) could take place too.

Most people on Quora unanimously agreed that the answer is 24, with each row containing six triangles. Mathematician Martin Silvertant even presented this handy chart for explanation. A ...

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 S&P 500 is trading at new highs. GBPJPY is highly correlated to the S&P 500, but has not broken out of a triangle. GBPJPY has just rebounded from the daily 23.6% Fibonacci level which is ...

Tesla’s broken ‘triangle’ warns of more stock-selling pressure EV giant’s stock approaches wide chart zone with multiple bullish support points Published: Oct. 19, 2023 at 2:58 p.m. ET ...

To do this, calculate the pattern’s widest distance in points and add that figure to the triangle’s top trendline. For instance, we add $29 to $129, which projects a price target of $158.