Triangle Patterns

Basically the triangle patterns usually form in 3 different types : Symmetrical, Ascending and Descending triangle.


The symmetrical pattern formed when the support and resistance line causes the candlesticks to form like a shape of a triangle. This patterns can break out on either side.





The descending triangle usually breaks out going downwards but chances of it going the other way is also possible.







The ascending triangle usually breaks out going upwards but again, chances of it going the other way is also possible.






Personally, the triangle patterns are one of my favourite patterns to trade.