Principles of Triangle Pattern (PaisaMania - Learn & Earn)

Dear Traders,

Teach you about the "Principles of Triangle Pattern". There are 3 types of triangle patterns available.

• Symmetric Triangle
  
• Ascending Triangle
  
• Descending Triangle
  

Symmetric Triangle - It is continuous and neutral trend of the price, may break either side of the triangle. Need to confirm the trade with breakout and as well with trend indicators.

Ascending Triangle - It is bullish pattern and true breakout will happen only on top line. On top flat line is act as a resistance. If the breakout happens on another side, will consider as a false breakout or pattern failure.

Descending Triangle - It is opposite to the Ascending Triangle, bearish pattern and true breakout happen only on bottom of the line. On bottom line is act as a support. If the breakout happens on another, will consider as a false breakout or pattern failure.