Triangles In Stock Market Chart Analysis

  • Triangles are one of the most well-known chart patterns used in technical analysis.
  • The three most common types of triangles, which vary in construction and implications, are Symmetrical Triangle, Ascending Triangle and Descending Triangle.
  • These chart patterns are considered to last anywhere from a couple of weeks (ideally more than 12 weeks) to several months.
  • These are areas of consolidations after a trending move and are generally continuation patterns, i.e. the erstwhile trends resumes after the breakout.
  • However, in certain cases they act as reversal patterns. They can appear both in up-trend and down-trend.

One Response

Leave a Reply

Your email address will not be published. Required fields are marked *