0_public:chart_pattern:triangles
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| - | ====== Triangles ====== | ||
| - | Ascending triangles are bullish, symmetrical triangles can move in either direction, and descending triangles are bearish. | ||
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| - | A technical triangle pattern is a chart formation indicating consolidation and potential breakout, formed by converging trendlines representing the asset’s highs and lows.((https:// | ||
| - | ===== Symmetrical Triangles ===== | ||
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| - | * price range narrows | ||
| - | * lower highs | ||
| - | * higher lows | ||
| - | * price can break out of the triangle in either direction | ||
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| - | Brent has also formed a symmetrical triangle pattern, which is a neutral pattern. | ||
| - | ===== Ascending triangles ===== | ||
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| - | * consistent highs and higher lows | ||
| - | * bullish | ||
| - | * price tending to break out upwards | ||
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| - | ===== Descending triangles ===== | ||
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| - | * consistent lows and lower highs | ||
| - | * bearish signal | ||
| - | * price will tend to break out lower | ||
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| - | [[https:// | ||
0_public/chart_pattern/triangles.1731094995.txt.gz · Last modified: 2024/11/08 19:43 by pointnm