Triangle Patterns

Triangles are consolidation patterns where price coils between two converging trendlines. This article explains the three types — ascending (flat highs, rising lows), descending (flat lows, falling highs) and symmetrical (both converging) — what each implies about the balance of buyers and sellers, how to trade the breakout with volume confirmation and a measured-move target, and how to avoid the false breakouts that trap the impatient.