A triangle chart pattern is a tool used in technical analysis. Named for its resemblance to a series of triangles, the triangle chart pattern is created by drawing trendlines along a converging price range. The result signals a pause in the prevailing trend.
Technical analysts read the triangle as an indicator of a continuation of an existing trend or reversal.
Despite being a continuation, traders should look for breakouts before they make a move to buy or sell.
Technical analysts read the triangle as an indicator of a continuation of an existing trend or reversal.
Despite being a continuation, traders should look for breakouts before they make a move to buy or sell.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.