Lesson 44: Triangles (Ascending, Descending, Symmetrical)

“Triangles are continuation patterns formed when price consolidates into a smaller range. An ascending triangle shows higher lows and a flat resistance line, signaling a potential upward breakout. A descending triangle shows lower highs and flat support, signaling a potential downward breakout. A symmetrical triangle shows converging highs and lows, indicating a breakout in either direction.”