## TRIANGLE TECHNICAL ANALYSIS

A** triangle chart pattern** is one in which a price range gets narrower over time because of lower tops and higher bottoms. Some triangles come to a point in the middle of the two base points, but there are also ascending and descending triangles for which the tops decrease less than the bottoms increase, or vice-versa.

Triangle chart patterns are often considered indiciative of reversal patterns, but more often than not, they tend to be continuation patterns.

Triangle chart patterns are some of the most well-known tools used in technical analysis. The three types of triangles vary in construct and implication and are considered to last anywhere from a couple of weeks to several months. The three triangle constructs include:

**Symmetrical triangle chart pattern**

The symmetrical triangle chart pattern example is one in which two trendlines converge toward each other. This pattern is strictly neutral in that a breakout to the upside or downside is a recognizable confirmation that a trend is moving in that direction.

**Ascending triangle chart pattern**

In an ascending triangle chart pattern, the upper trendline is flat, while the bottom trendline is sloping upward. This is generally considered a bullish pattern and one in which chartists look for an upside breakout.

**Descending triangle chart pattern**

In a descending triangle chart pattern, the lower trendline is flat and the upper trendline is descending. This is generally considered a bearish pattern and one in which chartists look for a downside breakout.