3 Triangle Forex Patterns that Every trader must Learn and Know.
symmetrical
triangle: Undecided market. The market has no guaranteed direction
onto which it intends to break (up or down). However, once the price breaks the
triangle, a significant move (pump or dump) is witnessed in the direction of
the break.
Ascending Triangle: It is a clear
uptrend decision of the market (Bullish market). More reliable if easily
identifiable in an uptrend market direction.
Descending Triangle: It is the exact
opposite of the ascending triangle. It is a bearish pattern. It is important to
draw accurate trend lines on a bearish market to accurately detect a descending
triangle.
Analytic Dave
AnalyticalDave is a personal financial analysis portfolio that captures my Derivatives trading, stock, and investing journey. My portfolio does NOT act as a financial advisor to any community. It is only purposed for journaling my story as a self-taught trader and investor.
