Triangle pattern

Ascending Triangle - Same highs. Higher lows. Buyers in Control. Breaks to the upside.

Target - Distance between high & low of the start of the triangle.
SL - At the most recent trough ( bottom ) of the pattern.

Descending Triangle - Same lows. Lower highs. Sellers in Control. Breaks to the downside.

Target - Distance between high & low of the start of the triangle.
SL - At the most recent high of the pattern.

Symmetrical Triangle - No direction.

Target - Distance between high & low of the start of the triangle.
SL - At the most recent trough ( bottom ) if break to upside, or at more recent high if
break to downside of the pattern.


IMPORTANT -

* See a decrease in volume as pattern matures and increase in volume on the break.