A triangle breakout is a key technical pattern in trading that signals a potential continuation or reversal of a trend. It occurs when price action breaks out of a triangle formation, which can be ascending, descending, or symmetrical.
- Ascending Triangle: Bullish pattern where price breaks above resistance.
- Descending Triangle: Bearish pattern where price breaks below support.
- Symmetrical Triangle: Neutral pattern where price can break in either direction.
Traders often look for high volume confirmation to validate the breakout and set targets based on the triangle's height. False breakouts can occur, so risk management is crucial.
- Ascending Triangle: Bullish pattern where price breaks above resistance.
- Descending Triangle: Bearish pattern where price breaks below support.
- Symmetrical Triangle: Neutral pattern where price can break in either direction.
Traders often look for high volume confirmation to validate the breakout and set targets based on the triangle's height. False breakouts can occur, so risk management is crucial.
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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.