Triangle Pattern

In charting, The term “triangle pattern” denotes a chart analysis tool which indicates upward trends in a security’s or market's price in relation to downward trends.

A triangle pattern is made up of two trend lines – one following the ascending tops of a rate and the other following the descending tops. When the two trend lines meet ahead of the rate pattern, the rates are moving sideways with similar levels of downward trends and upwards trends.

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