Triangle patterns are continuation patterns marked by narrowing price action which is easily seen with trend lines. The direction a stock moves out of a triangle pattern is more significant than the type of triangle pattern the stock emerges from. While triangles will occasionally be reversal patterns, they usually tend to be continuation chart patterns.
There are three triangle patterns which tend to influence trading in stocks: symmetrical triangles, ascending triangles, and descending triangles.
Symmetrical Triangle – Symmetrical Triangle Pattern
Ascending Triangle – Ascending Triangle Pattern
Descending Triangle – Descending Triangle Pattern
Click on symmetrical triangle, ascending triangle, and descending triangle pattern pictures to learn more about each pattern.
