🔹 What is a Contracting Triangle?
A Contracting Triangle is a sideways corrective pattern made up of five overlapping waves (A–B–C–D–E) that move within converging trendlines — meaning the highs get lower, and the lows get higher.
It reflects a balance between bulls and bears, where each wave becomes smaller as price compresses before a final breakout.
A Contracting Triangle is a sideways corrective pattern made up of five overlapping waves (A–B–C–D–E) that move within converging trendlines — meaning the highs get lower, and the lows get higher.
It reflects a balance between bulls and bears, where each wave becomes smaller as price compresses before a final breakout.
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.
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.