Technical Analysis - Chart Patterns - Triangle Formations | Forex Trading Strategy

How I Make $30,000 with Simple Strategy: http://2by.us/system Sub ►https://www.youtube.com/channel/UC-fKic8ZcyGJBIFROusCPGA Technical Analysis - Chart Patterns - Triangle Formations Technical Analysis - Chart Patterns - Triangle Formations Technical Analysis - Chart Patterns - Triangle Formations Technical Analysis - Chart Patterns - Triangle Formations Technical Analysis - Chart Patterns - Triangle Formations https://www.youtube.com/watch?v=qkv9dnJMf0A As you may have noticed, chart pattern names don't leave much to the imagination. This is no different for the triangle patterns, which clearly form the shape of a triangle. The basic construct of this chart pattern is the convergence of two trendlines - flat, ascending or descending - with the price of the security moving between the two trendlines. There are three types of triangles, which vary in construct and significance: the symmetrical triangle, the descending triangle and the ascending triangle. Symmetrical triangle The symmetrical triangle is mainly considered to be a continuation pattern that signals a period of consolidation in a trend followed by a resumption of the prior trend. It is formed by the convergence of a descending resistance line and an ascending support line. The two trendlines in the formation of this triangle should have a similar slope converging at a point known as the apex. The price of the security will bounce between these trendlines, towards the apex, and typically breakout in the direction of the prior trend. If preceded by a downward trend, the focus should be on a break below the ascending support line. If preceded by an upward trend, look for a break above the descending resistance line. However, this pattern doesn't always lead to a continuation of the previous trend. A break in the opposite direction of the prior trend should signal the formation of a new trend. Read more: Analyzing Chart Patterns: Triangles | Investopedia http://www.investopedia.com/university/charts/charts5.asp#ixzz4Uh7Ds65r Follow us: Investopedia on Facebook Forex, trading, strategy, signal, foreign exchange, tutorial, fx, market, broker, Technical Analysis, Chart Patterns, Triangle Formations, Analysis , Chart , Patterns , Triangle , Formations, Triangle Formations

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