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DStyles

Three-Bar Triangle

DStyles  
Trend Analysis
109
1
trendanalysis
Linda Raschke has discussed this in public webinars that can be found on her youtube channel. She mentioned picking it up from Richard Dennis of the Turtle method.

It's a potential consolidation indicator to identify turning points and continuations. Best used on the daily chart with the confluence of a short term momentum indicator. After a signal, break of low or high of previous day might indicate trend direction for the day.
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