How to identify and Trade Triangle Chart Patterns in Forex
The basic construct of this chart pattern is the convergence of two trendlines - flat, ascending or descending - with the price of the security moving between the two trend lines
when analysis the market we can identify 3 types of triangles
- ascending triangles
- descending triangle
- symmetrical triangles
before you learn about triangle see our previews post about how to draw trend lines. also read support and resistance post
tip triangle pattern is many times continue the trend. as a example if market coming down and if we show any triangle pattern, then many times market going to down side
triangle pattern 1