Triangle pattern trading is a strategy many day traders use to enter and exit their positions with confidence as prices stabilize. Triangles are a continuation pattern, meaning they’re not marked by a ...

This classic chart pattern is formed by two key components: a flat upper resistance line above the pattern and an upward-sloping support line lying below the pattern.

The next type of triangle pattern is the ascending triangle. It is easily recognized by a rising trend line intersecting with a flat resistance line. It is often regarded by traders as a bullish ...

The flat top ascending triangle is generally a bullish pattern and only the break of 12819 or 4h close above it, should provide a bullish continuation move. From the POC zone – 12745-12775, the ...

This article is more than 9 years old. The stock market has been in a holding pattern for three weeks after the S&P 500’s precipitous plunge from 2,100 to where it closed on Monday at 1,953.

The flat top ascending triangle is generally a bullish pattern and only the break of 12819 or 4h close above it, should provide a bullish continuation move. From the POC zone – 12745-12775, the ...

That has resulted in a so-called descending triangle pattern, comprising a downward sloping trendline, representing lower highs and a flat trendline, representing a solid support level. The ...

ES has completed a flat-topped triangle (red) on its 15-minute chart. It would usually break out upwards into a head and shoulders top on the head of a head and shoulders top (green scenario).