Triangle pattern: Triangle chart patterns are usually

Triangle chart patterns are usually identified by traders when a financial instrument’s trading range narrows after a downtrend or an uptrend. These chart patterns can indicate a trend reversal or signal the continuation of a bearish or bullish market. Triangle patterns are well-known chart patterns within the field of technical analysis. They exist in different formations, bullish, bearish or symmetrical. There are three primary types of triangle chart patterns: ascending, descending, and symmetrical. Ascending triangles suggest a bullish trend, descending triangles often indicate potential... Triangle pattern gets formed when the price gets formed within two converging trend lines with an identical slope. Triangle pattern is referred to as a trend continuation pattern because traders expect that the price will continue in its prevailing trend after breaking out from the range. Triangle pattern is important to know because it is generally formed before the price gives an exploding move either towards upside or downside. Traders expect the market to accelerate in the direction of ...