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Master the triangle chart pattern, learn how to identify, analyze, and trade this essential pattern for successful trading.
Triangle pattern trading is beneficial for both day traders and long-term investors. Learn more about this essential trading indicator.
In the study of technical analysis, triangles fall under the category of continuation patterns. There are three different types of triangles, and each should be closely studied.
A continuation pattern is an indication that a price trend in the financial markets will continue even after the pattern completes.
The triangle pattern forms because investors think that the stock price won't go much higher in an uptrend or lower in a downtrend.
The triangle pattern is sometimes referred to as a "continuation pattern," which means that the price will continue to move in the same direction as it was before the pattern formed ...
In the descending triangle pattern, one trend line connects the consecutive peaks and another horizontal line connects the price bottoms.
The Dow Jones Industrial Average’s failed early rally means the bearish “symmetrical triangle” pattern is alive and well, which suggests a downside breakdown, and eventual new lows, are looming.
Elliott Wave triangles are corrective patterns that consolidate the previous trend. Elliott Wave triangles consist of five waves labeled a-b-c-d-e. There are rules and three guidelines in the ...
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