Triangle Chart Patterns

Symmetrical

A formation in which the slope of price highs and lows are converging to a point so as to outline the pattern in a symmetrical triangle. To trade this formation place a buy order on a break up and out of the triangle or a sell order on a break down and out of the triangle, leaving your unfilled order as your stop loss.

symmetrical triangle

Stock Chart with a Symmetrical Triangle chart Pattern

==============================

Ascending Triangle
A formation in which the slope of price highs and lows come together at a point outlining the pattern of a Right Triangle. The hypotenuse in an Ascending Triangle should be sloping from lower to higher and from left to right. To trade this formation, place a buy order on a break up and out of the triangle or a sell order on a break down and out of the triangle, leaving your unfilled order as your stop loss. Ascending triangles, with a prior downtrend, are anticipated to break down and out, rather than up and out.

asending triangle

===============================

Descending Triangle
A formation in which the slope of price highs and lows come together at a point outlining the pattern of a Right Triangle. The hypotenuse in a Descending Triangle should be sloping from higher to lower and left to right. To trade this formation, place a buy order on a break up and out of the triangle or a sell order on a break down and out of the triangle, leaving your unfilled order as your stop loss. Descending triangles, with a prior uptrend, are anticipated to break up and out, rather than down and out.

desecending triangle



Learn to Trade for Free


Free Daily Commodity Newsletter
Your Name:
Your E-mail Address:


Free Daily Stock Picks Newsletter
Your Name:
Your E-mail Address:


Free Daily Forex Trading Newsletter
Your Name:
Your E-mail Address: