1. Ascending Triangle (Bullish)
• Flat resistance on top (buyers testing the same level repeatedly).
• Rising support trendline (higher lows).
• Usually breaks upward.
• Entry: Buy when price breaks above resistance.
2. Descending Triangle (Bearish)
• Flat support at the bottom (sellers holding one level).
• Falling resistance trendline (lower highs).
• Usually breaks downward.
• Entry: Sell when price breaks below support.
3. Symmetrical Triangle (Neutral → Continuation)
• Both trendlines converge (lower highs & higher lows).
• Breakout can be in any direction, but usually follows the prior trend.
• Entry: Trade in breakout direction with volume
• Flat resistance on top (buyers testing the same level repeatedly).
• Rising support trendline (higher lows).
• Usually breaks upward.
• Entry: Buy when price breaks above resistance.
2. Descending Triangle (Bearish)
• Flat support at the bottom (sellers holding one level).
• Falling resistance trendline (lower highs).
• Usually breaks downward.
• Entry: Sell when price breaks below support.
3. Symmetrical Triangle (Neutral → Continuation)
• Both trendlines converge (lower highs & higher lows).
• Breakout can be in any direction, but usually follows the prior trend.
• Entry: Trade in breakout direction with volume
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.