Triangle pattern: S are a chart pattern commonly

Triangle patterns are a chart pattern commonly identified by traders when a stock price’s trading range narrows following an uptrend or downtrend. Unlike other chart patterns, which signal a clear directionality to the forthcoming price movement, triangle patterns can anticipate either a continuation of the previous trend or a reversal. Although triangles more frequently predict a continuation of the previous trend, it is essential for traders to watch for a breakout of the triangle before ... Triangle patterns are important because they help indicate the continuation of a bullish or bearish market. They can also assist a trader in spotting a market reversal. Triangle pattern gets formed when the price gets formed within two converging trend lines with an identical slope. Triangle pattern is referred to as a trend continuation pattern because traders expect that the price will continue in its prevailing trend after breaking out from the range. Triangle pattern is important to know because it is generally formed before the price gives an exploding move either towards upside or downside. Traders expect the market to accelerate in the direction of ... Learn how to identify and use triangle chart patterns to predict market trends and breakouts. Find out the differences between ascending, descending, and symmetrical triangles, and how to trade them effectively.