In this video you will understand what is triangle trading strategy? and you will understand the psychology behind this traditional triangle trading pattern.
Triangle patterns are a commonly-used technical analysis tool. It is important for every trader to recognize patterns as they form in the market. Triangle patterns are important because they help to indicate the continuation of a bullish or bearish market.
There are three types of triangle patterns:
- Ascending Triangle: Ascending triangles are a bullish formation that anticipates an upside breakout.
- Descending Triangle: Descending triangles are a bearish formation that anticipates a downside breakout.
- Symmetrical Triangle: Symmetrical triangles, where price action grows increasingly narrow, may be followed by a breakout to either side—up or down.
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