Principles of Triangle Pattern (PaisaMania - Learn & Earn)
Dear Traders,
Teach you about the "Principles of Triangle Pattern". There are 3 types of triangle patterns available.
Symmetric Triangle - It is continuous and neutral trend of the price, may break either side of the triangle. Need to confirm the trade with breakout and as well with trend indicators.
Ascending Triangle - It is bullish pattern and true breakout will happen only on top line. On top flat line is act as a resistance. If the breakout happens on another side, will consider as a false breakout or pattern failure.
Descending Triangle - It is opposite to the Ascending Triangle, bearish pattern and true breakout happen only on bottom of the line. On bottom line is act as a support. If the breakout happens on another, will consider as a false breakout or pattern failure.
Teach you about the "Principles of Triangle Pattern". There are 3 types of triangle patterns available.
- Symmetric Triangle
- Ascending Triangle
- Descending Triangle
Symmetric Triangle - It is continuous and neutral trend of the price, may break either side of the triangle. Need to confirm the trade with breakout and as well with trend indicators.
Ascending Triangle - It is bullish pattern and true breakout will happen only on top line. On top flat line is act as a resistance. If the breakout happens on another side, will consider as a false breakout or pattern failure.
Descending Triangle - It is opposite to the Ascending Triangle, bearish pattern and true breakout happen only on bottom of the line. On bottom line is act as a support. If the breakout happens on another, will consider as a false breakout or pattern failure.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.