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Triangle pattern gets formed when the price gets formed within two converging trend lines with an identical slope. Triangle pattern is referred to as a trend continuation pattern because traders expect that the price will continue in its prevailing trend after breaking out from the range. Triangle pattern is important to know because it is generally formed before the price gives an exploding move either towards upside or downside. Traders expect the market to accelerate in the direction of ... Learn how to identify and use triangle chart patterns to predict market trends and breakouts. Find out the differences between ascending, descending, and symmetrical triangles, and how to trade them effectively. Triangle patterns are important because they help indicate the continuation of a bullish or bearish market. They can also assist a trader in spotting a market reversal. Triangle patterns are well-known chart patterns within the field of technical analysis. They exist in different formations, bullish, bearish or symmetrical.
