CHART PATTERN - TRIANGLES
In this blog we would learn about the types of triangles pattern and “How to trade them better?” In this blog I would mainly emphasise on important points that should be noted before trading the above triangles. There are 3 types of triangle namely - Ascending triangle Descending triangle Symmetrical triangle ASCENDING TRIANGLE Triangle which have a horizontal resistance and makes a higher low pattern as in the image below- DESCENDING TRIANGLE Triangle which have a horizontal support and a lower high pattern as shown in the image below- SYMMETRICAL TRIANGLE A triangle formed by making higher lows and lower high as shown in the image below- POINTS THAT SHOULD BE NOTED BEFORE TRADING A TRIANGLE PATTERN - For a triangle to be reliable price should cross the triangle multiple times filling the triangle, an empty triangle is not reliable and hence should be traded with cautious or not be traded at all. Volume should be decreasing at the start and a ...