Triangles

Ascending triangles are bullish, symmetrical triangles can move in either direction, and descending triangles are bearish.

A technical triangle pattern is a chart formation indicating consolidation and potential breakout, formed by converging trendlines representing the asset’s highs and lows.¹⁾

• price range narrows
• lower highs
• higher lows
• price can break out of the triangle in either direction

Brent has also formed a symmetrical triangle pattern, which is a neutral pattern.

• consistent highs and higher lows
• bullish
• price tending to break out upwards

• consistent lows and lower highs
• bearish signal
• price will tend to break out lower

cmegroup.com/trend-and-continuation-patterns