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 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 , 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.