The triangle pattern is used in technical analysis. It connects more distant highs and lows with closer highs and lows. The pattern shows either consolidation or increased volatility, depending on its orientation.
So you want to learn about popular trading patterns …
The fact that you clicked on this article is a sign you’re unique.
Most people just want hot stock picks. Honestly, very few people are interested in chart patterns.
I guess it’s too much work for them.
But it seems like you already understand there’s a systematic approach to trading. One that follows history and science, instead of gut feeling. That’s why you’re reading this.
Here’s the key: The stocks I trade are highly volatile. And that makes them predictable during certain periods.
People behave predictably when they’re stressed. Like when a stock is up 100% on the day and they’ve got their kid’s college fund on the line.
Some people are gambling with these big spikers. Not me. I’m interested in consistent profits.
That’s why I follow patterns.
That’s how I’ve traded for more than two decades. And I’m sitting at more than $7.4 million in trading profits right now.
There were some losses along the way, but I learned to control them. Always protect the account.
There’s another trade to make right around the corner. So I’m never worried about a trade that doesn’t go my way.
And luckily, the patterns tell me when to buy and sell.
You’ll understand after you read about the triangle pattern …
Table of Contents
- 1 What Is a Triangle Pattern in Trading?
- 2 How To Identify the Different Triangle Patterns
- 3 How To Trade the Different Triangle Patterns
- 4 Key Takeaways
- 5 Frequently Asked Questions (FAQs)
- 5.1 Is a Symmetrical Triangle Pattern Bullish or Bearish?
- 5.2 What Is the Difference Between Pennant Patterns and Symmetrical Triangles?
- 5.3 How To Find a Take-Profit Target When Trading the Symmetrical Triangle Pattern?
- 5.4 How Reliable Is a Descending Triangle Pattern?
- 5.5 When Is a Descending Triangle Bullish?
- 5.6 Does the Descending Triangle Work?
- 5.7 How Are Triangle Chart Patterns Used in Trading?
- 5.8 What Tools Are Used To Illustrate Triangle Patterns?
- 5.9 How Can Investors Approach Triangle Patterns?
- 5.10 How Does the English Language Impact Trading Documentation?
- 5.11 How Can Brokers Utilize Hand-Drawn Triangle Patterns?
What Is a Triangle Pattern in Trading?
