🔺 Triangle Pattern – Continuation & Reversal Signal

The Triangle Pattern is a widely used chart formation in technical analysis. It can indicate either a continuation of the trend or a reversal depending on breakout direction.

📘 Types of Triangle Patterns

• Symmetrical Triangle: Converging trendlines; breakout can occur in either direction. Usually a continuation pattern.
• Ascending Triangle: Flat resistance with rising support; bullish bias, breakout often upward.
• Descending Triangle: Flat support with declining resistance; bearish bias, breakout often downward.

💡 Market Psychology

- Symmetrical Triangle: Buyers and sellers gradually converge; breakout occurs as one side dominates. - Ascending Triangle: Buyers gradually push higher; breakout above resistance triggers bullish move. - Descending Triangle: Sellers gradually push lower; breakdown below support triggers bearish move.

✅ Pro Tip: Always confirm breakout direction with increased volume before trading.

⚙️ How to Trade Triangle Patterns

1. Identify converging trendlines forming a triangle (ascending, descending, or symmetrical).
2. Wait for price to break above resistance (for bullish) or below support (for bearish).
3. Enter a position in the direction of the breakout.
4. Place a stop-loss near the breakout point or the opposite trendline.
5. Set a target equal to the height of the triangle projected in the breakout direction.

🏁 Conclusion

Triangle patterns are versatile formations that can signal both continuation and reversals. Correct identification and confirmation with volume help traders capitalize on breakout opportunities.

“Triangles show the battle between buyers and sellers — the breakout reveals the winner.”