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 bigger the chance of a break-out. The triangle pattern has completed when price breaks out of it, in either direction. Conservative traders may 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 lies just outside the triangle.
Hey Traders, I am going to do a short free tutorial on Simple Patterns. This tutorial's purpose is to show you:
-How to Identify Ascending Triangles
-How to measure the move to project price targets
-Examples of how you can create a rules based Strategy around Simple Patterns.
- Psychology behind Ascending Triangles
The...
Dear traders & everyone who is learning Technical Analysis!
In this video I'm going to show you how to recognize a core bullish trend & play Ascending Triangles. It would have given you amazing profits in the case of VFF.
Have fun watching! ;)
Here's an explanation why Elliott Waves don't work most of the time, and then sometimes work perfectly.
Lets take a closer look at a single impulse wave up and its correction (I'm using 61.8% retracement and wave 3 = 100% of wave 1). You simply can't trade based on that (red dots), here's why.
If you treat it as 123 up trend forming (green count), you can't...
COME JOIN US FOR A GREAT OPPORTUNITY TO LEARN TOGETHER
We are doing a live triangle trading class on our TTT Strategy TODAY! @ 2PM ET! If you are interested in learning more about it, please visit the link you see below in our signature. Thanks!
ADD A WHOLE NEW QUIVER OF ARROWS TO YOUR TRADING STRATEGIES
We are doing a live triangle trading class on our TTT Strategy TODAY! @ 2PM ET! If you are interested in learning more about it, please visit the link you see below in our signature. Thanks!
LEARN THE MOST LUCRATIVE TRADING STRATEGY IN THE MARKETS
We are doing a live triangle trading class on our TTT Strategy TODAY! @ 2PM ET! If you are interested in learning more about it, please visit the link you see below in our signature. Thanks!
LEARN A UNIQUE STRATEGY OF TRADING THE MOST COMMON CHART PATTERN IN THE MARKETS
We are doing a live triangle trading class on our TTT Strategy TODAY! @ 2PM ET! If you are interested in learning more about it, please visit the link you see below in our signature. Thanks!
ALL MARKETS - ALL TIME FRAMES - ALL STYLES OF TRADING
We are doing a live triangle trading class on our TTT Strategy TODAY @ 2PM ET! If you are interested in learning more about it, please visit the link you see below in our signature. Thanks!
LEARN A NEW ATR MONEY MANAGEMENT STYLE OF TRADING TRIANGLE CHART PATTERNS
We are doing a live triangle trading class on our TTT Strategy TODAY! @ 2PM ET! If you are interested in learning more about it, please visit the link you see below in our signature. Thanks!
EVERY DAY THE MARKET OPENS IT'S TRIANGLE ATM FOR YOU TO GET CASHBACK
We are doing a live triangle trading class on our TTT Strategy June 25st @ 2PM ET! If you are interested in learning more about it, please visit the link you see below in our signature. Thanks!
Here is an example of a symetric triangle pattern played out on the 4hr XRP/USD chart. Im starting to see these triangle patterns more and more whether it be considered a pennant or whatever. The results are similar regardless of what you call it. Price gets squeezed towards the end of the formation and at a certain point it shoots up or down. The tricky part is...
Descending Triangle.
MA confirms a slight downtrend, which forms a triangle pattern in point A
Pattern breaks resistance, with a small pullback and continues the the downtrend.
One of my favourite tools is wedge patterns.
Last year the AUDUSD was a dream to trade using the wedge pattern.
An 'ascending wedge' pattern approaching a level of resistance indicates a sell opportunity is coming up (reversal).
To trade the pattern you will wait for a break below the wedge line before selling, with stop losses above the highest level in the...
Hi All ,
So today , i got a message to post about EUR/USD . So here is what i am looking at . Sorry about my messy chart ahaha .
As you can see we had a uptrend rejection at 1.3385 region , Which trigger the triangle downtrend continuation .
Look for a break of 1.12800 for TP around 1.125-1.123 region. If it holds my bais will be long with the potential of...
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