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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.
Akil_Stokes Akil_Stokes BTCUSD, 1D, Short ,
1787 18 42
BTCUSD, 1D Short
BTCUSD - DESCENDING TRIANGLE & BEARISH BREAKOUT

As many of you know, I''m not a crypto trader so, I'm not up to date on what's happening on the fundamental side of things. But as a technical trader here's what I see on the price chart. Over the past 10 months or so, price has created a pattern formation called a descending triangle. (For more on the psychology on this pattern see my Youtube video "Lessons I've ...

Cryspo Cryspo BTCUSD, 1D, Short ,
271 0 4
BTCUSD, 1D Short
Bitcoin (BTC) - Descending Triangle and Van Eck ETF Rejection

Yesterday showed just how indecisive this market can be while we remain wedged inside this Bitcoin no-trade zone. The price crashed from around $6320, down to a low of $6106, followed by a powerful bounce to $6517, before consolidating at around $6400. Good time to sit on hands. I think the market is currently in limbo until the SEC announces the Van Eck ETF ...

138 3 2
EURUSD, 60
Let's Discuss this..

EURUSD on H1 hit a side-way consolidation, what's your call and strategy on this? Will you or will you not engage a trade? Why so?

207 0 4
EURUSD, 240
next moves eurusd

i expect this, is ascending triangle from uptrend, for me signal bearish reversal down to 1.148 same as high of triangle from bottom. GL. Top is 1.173.SOER active

90 2 2
BTCUSD, 1D
BTCUSD: Bears Hibernating?

If there was ever an opportunity for bears to take out 6K levels, it was yesterday. We had little enthusiasm from bulls to flip the market into bull-mode; all sorts of indicators, patterns and harmonics showing a deeper dive into 5K territory before reversal; and average support on order books (I've seen better). In addition to all this, Bitcoin Futures expired ...

156 0 2
XRPUSD, 60
Another magical XRP triangle - Scalp

Triangle mania DYOR, manage your risks. NOT TRADING ADVICE

99 0 2
XLMBTC, 240
Stellar trapped within a triangle

Stellar is in the consolidation mode as it had been creating lower highs and higher lows in the last couple of months. The price action got rejected two times from the upper side of the triangle while the triangle support held the price for three times. However, since the last touch of the support, the coin is struggling to reach the upper side of the triangle, ...

blueeyzz1310 blueeyzz1310 FB, 1D, Long ,
48 1 1
FB, 1D Long
Descending triangle pattern forming in $FB

Descending triangle pattern forming in $FB - Nice price action today. Watch out for a break with volume tommorw.

koubadillon koubadillon QTT, 15, Long ,
13 0 1
QTT, 15 Long
QTT Bullish Symmetrical Triangle

Expecting a breakout by tomorrow. Notice: Not financial advice.

KennySniper KennySniper EFAV, 1D, Short ,
5 0 1
EFAV, 1D Short
EFAV Short Play

EFAV looks like it topped out. It capitulated downside after the first topping and staggered back up to the upside (which took some time to form, with eventually a quicker capitulation back down to the downside. Over time you will notice that the time frames of rising and the falling become quicker (with rises legs taking longer to form than the down legs which ...

RoyceCheng RoyceCheng USOIL, 240, Long ,
99 0 1
USOIL, 240 Long
USOIL forming bullish ascending triangle

USOIL forming bullish ascending triangle wait for price to hit the support line to buy in SL 67.80 TP 73.00

RCtrader2 RCtrader2 EURUSD, 240, Short ,
335 4 9
EURUSD, 240 Short
EUR/USD Labyrinth, Act 2

Trading Plan: Sell, Entry 1.1639, TP 1.1532, SL 1.1649

35 0 1
USDJPY, 1W
USDJPY weekly symmetrical triangle

On a weekly chart we are now testing the upper line of the triangle again. This could be a nice short trade, for a long term hold with a stop above the 200SMA and 61.8% retracement, targeting the low line of the triangle. Both 50 and 100 SMA are close though. With current risk-reward it is a good trade. Look for entries on daily candles. If we break above the ...

439 4 6
XRPUSD, 15
XRPUSD Triangle setup

XRP Mooned, will it run out of steam ? I think yes, but charts only matter. So let's see. Trade on breakout NOT TRADING ADVICE, DYOR and MANAGE YOUR RISKS

162 0 3
BTCUSD, 120
Bitcoin | The Calm Before The Storm? [BTCUSD]

Taking a look at the BTC charts today, Bulls and Bears seem kind of in equilibrium. The range is getting tighter and tighter. I don't think we will immediately break above 6.6k or below 6.2k. We mighty consolidate between this range for a while. This may seem like BTC has finally stabilized, but I rather think it's the calm before the storm. We're at the end of a ...

Stink Stink XRPUSD, 15, Long ,
271 0 4
XRPUSD, 15 Long
XRP Ascending Triangle

Looking like bullish momentum has found support and is slowly maintaining the upward movements if we can break 0.35500 could see more upside

FloManZ FloManZ CMCSA, 1D, Long ,
10 0 3
CMCSA, 1D Long
$CMCSA

Comcast with the break today out of the triangle.

147 0 3
BA, 1W Long
BOEING COMPANY (THE) - Long - Ascending Triangle

We are looking BA and we have this ascending triangle in the weekly chart. We'll be monitoring it but its a long term/swing position as weekly movements take a bit of time to develop. Conservative play: wait for close above 364.73 and long with short below the formation Entries: 365.17 Target 1: (trailing stop-loss 25 usd / choose your own targets for taking ...

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