Triangle Pattern

The triangle pattern is known as a bilateral pattern, which means that after a break-out the trend could either continue or reverse. There are basically 3 types of triangles and they all point to price being in consolidation: symmetrical (price is contained by 2 converging trend lines with a similar slope), ascending (price is contained by a horizontal trend line acting as resistance and an ascending trend line acting as support) and descending (price is contained by a horizontal trend line acting as support and a descending trend line acting as resistance).

The more price approaches the apex (where the trend lines converge), the higher the chance of a break-out. The pattern is complete when price breaks out of it, in either direction. Conservative traders look for additional confirmation. The target can be estimated by measuring the height of the back of the triangle and extending it in the direction of the breakout. A common stop level is just outside the triangle.
lewglasgow lewglasgow TOP EURUSD, 240, Long , 20 hours ago
EURUSD: EUR/USD - Bullish BAMM
749 9 37
EURUSD, 240 Long
EUR/USD - Bullish BAMM

Wow this is huge! Today we have EUR/USD on the 4h chart with a bullish BAMM (Bat Action Magnet Move) setup . This is a follow up from my previous post (chart is shown below), where price formed a valid inverted head and shoulders pattern. https://www.tradingview.com/chart/EURUSD/7KkhbAML-EUR-USD-Inverted-Head-and-Shoulders/ Today's setup further validates the ...

Manic.Nick Manic.Nick GBPJPY, 240, a day ago
GBPJPY: Descending triangle: bulls or bears?
64 0 8
GBPJPY, 240
Descending triangle: bulls or bears?

The Descending Triangle is viewed as being more bearish than the regular Triangle patterns. When a Descending Triangle is formed, lower lows are being made (typically a bearish sign) and quite often, lower highs are being made (generally seen as bearish). With the Descending Triangle formation, a possible sell signal occurs when the support line is penetrated to ...

Intuit Intuit PRO BTCCNY, W, Short , 3 hours ago
BTCCNY: Is the Bitcoin Bubble Over?
130 1 4
BTCCNY, W Short
Is the Bitcoin Bubble Over?

It appears that we are breaking down from a non-limiting triangle which is the 2nd phase of a double combination. This likely concludes wave-(b) which means that we could now be beginning Wave-(c) and entering into a year-long bear trend. The alternative is that this forms into an x-wave or a d-wave and that we continue up towards 1800 much sooner than if this ...

KyleMcQuade KyleMcQuade PRO NZDCAD, W, 21 hours ago
NZDCAD: NZDCAD Analysis
3 0 5
NZDCAD, W
NZDCAD Analysis

You may recall an an idea i posted back in 2016 regarding this pair; we have a bullish head and shoulders and price has broken resistance. However, there has not been enough economic activity to pull these two currencies apart in terms of value, thus, the exchange rate has not found its sense of direction. Resistance has now turned to a pivot point. Price will ...

donaldsaw donaldsaw GBPUSD, 15, Short , 6 hours ago
GBPUSD: Final move for CABLE - Pre Brexit trigger on the 29th March
44 0 1
GBPUSD, 15 Short
Final move for CABLE - Pre Brexit trigger on the 29th March

Hi All, Cable is looking very very interesting for the next few weeks as I have seen a triangle complete; similar to EUR-USD triangle breakout we saw with Trump Presidential win last November. In addition, the timing with Theresa May triggering article 50 UK to leave the EU on the 29th March is impeccable as I anticipate this could be the news that pushes Cable ...

dinnersticks dinnersticks EURUSD, D, 5 hours ago
EURUSD: EURUSD Daily ascending triangle
30 0 1
EURUSD, D
EURUSD Daily ascending triangle

Hi there, On the chart you see my perspective of the current daily situation. I believe we are building an ascending triangle which is a bullish pattern. Its likely 820 will be tested again and maybe even the area of 850 will be hit. We will then either break through and complete the daily head & shoulders pattern or we will go down and probably start forming an ...

alexrich700 alexrich700 CLNE, D, a day ago
CLNE: CLNE
11 0 4
CLNE, D
CLNE

NASDAQ:CLNE has been developing a descending channel since Oct. and is currently forming a descending triangle inside

alexrich700 alexrich700 AGEN, D, Short , a day ago
AGEN: Descending Triangle forming on AGEN
11 0 4
AGEN, D Short
Descending Triangle forming on AGEN

Will be looking to enter under 3.60 NASDAQ:AGEN

FXSquad FXSquad EURUSD, 60, Short , a day ago
EURUSD: Potential Cypher Pattern EURUSD 1hr Chart
44 0 7
EURUSD, 60 Short
Potential Cypher Pattern EURUSD 1hr Chart

Potential Cypher Pattern EURUSD 1hr Chart. If this triangle pattern breaks out to the upside I'll be looking to get short this Cypher.

Audacity618 Audacity618 BABA, D, Long , a day ago
BABA: Ascending Triangle - Squeeze
31 0 5
BABA, D Long
Ascending Triangle - Squeeze

BABA is in a bullish push here with little beta movement. Possible move to $120 (ATH) and $125 (1.618 extension). Volatility squeeze coming out of a month-long ascending triangle.

lewglasgow lewglasgow TOP EURAUD, D, Short , 2 days ago
EURAUD: EUR/AUD - Waiting for the Break
358 2 36
EURAUD, D Short
EUR/AUD - Waiting for the Break

Interesting setup on the daily chart for EUR/AUD with a potential breakout, price is currently trading within a descending triangle and is approaching breaking point... Keep an eye on price action around 1.43000 for any indications of a false breakout and opportunity to short. I'm currently long on this pair from 1.38800 (check out my analysis by clicking the ...

lewglasgow lewglasgow TOP GBPJPY, 240, 7 days ago
GBPJPY: GBP/JPY - Price Structure
484 2 55
GBPJPY, 240
GBP/JPY - Price Structure

Interesting setup on the 4h chart for GBP/JPY with a potential breakout, price is currently trading within a descending triangle and is approaching breaking point... Keep an eye on price action around 138.550 for any indications of a false breakout. We can expect price to continue lower into the zone between 138.550 and 136.450. OR Break out of this area and ...

stephenleachman stephenleachman PRO ZMWCHF, 240, 8 months ago
ZMWCHF: MY TRADING PLAN (THE FOUNDATION TO MY TRADING)
2888 25 103
ZMWCHF, 240
MY TRADING PLAN (THE FOUNDATION TO MY TRADING)

This is a condensed version of my trading plan. I follow this plan faithfully every day, It is the foundation to my trading. I mentioned in my approach segment of this trading plan that I build my strategies based on the tactics within my playbook. All the tactics I use to build strategies I have listed here on tradingview and they are as followed: Chart ...

pablo82 pablo82 PRO USOIL, 60, Short , 3 days ago
USOIL: SELL SETUP
133 0 8
USOIL, 60 Short
SELL SETUP

Posssible excellent RRR trade. We have a triangle pattern in development and I expect breakout soon. Good luck !

LFOV LFOV PFE, 60, 2 days ago
PFE: PFIZER TRIANGLE PATTERN, Triangulo
14 0 5
PFE, 60
PFIZER TRIANGLE PATTERN, Triangulo

Waiting for break up

pablo82 pablo82 PRO XAUUSD, 60, 9 days ago
XAUUSD: TRIANGLE PATTERN
90 0 9
XAUUSD, 60
TRIANGLE PATTERN

We have possible triangle pattern which can break to downside or upside. Wait for breakout and you can try to enter for targets as marked on chart. Good luck !!

tradingviews tradingviews PRO GBPUSD, W, 10 days ago
GBPUSD: CABLE FORECASTING
68 0 8
GBPUSD, W
CABLE FORECASTING

We see Cable Long to 1.2520 to complete the D-E leg of the X-E Elliot wave within a descending triangle. Shorts will be in play from 1.2520 and we will be scaling on the break/retest of 1.2115

a.b a.b PRO USDCAD, 60, 4 months ago
USDCAD: USDCAD watch breakout
331 4 31
USDCAD, 60
USDCAD watch breakout

Look for the breakout and confirming indicators

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