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Learn everything you need to know about what triangle patterns are, how to identify them, how to trade them, and their advantages and disadvantages. 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 ... Learn how to identify and trade triangle patterns, which are chart patterns formed by converging trendlines on a price chart. Find out the types, characteristics, and trading strategies of ascending, descending, and symmetrical triangles. Triangle chart patterns are usually identified by traders when a financial instrument’s trading range narrows after a downtrend or an uptrend. These chart patterns can indicate a trend reversal or signal the continuation of a bearish or bullish market.
