raj3elite
Education

Principles of Triangle Pattern (PaisaMania - Learn & Earn)

NSE:NIFTY   Nifty 50 Index
Dear Traders,

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.
thanks for everything raj3elite , i apraciate .
i want to learn more about clandestic, if you have best materialt for charts and candelstic please send me bessi456@gmail.com
+1 Reply
@Besi7, Thanks besi7.. sure i will send you the materials..
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Descending Triangle false breakout Example : hahhah :D :D

+1 Reply
raj3elite AkshatPatwa
@AkshatPatwa, sometimes it happen.. 👍☺
+1 Reply
Sooper and educative . Nice raj
+1 Reply
raj3elite Sarsans
@Sarsans, thanks sir
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