Benzinga explains how using the ascending triangle pattern can enhance your forex trading strategies.

A triangle pattern is a type of chart created by drawing an ascending series of three or more candlesticks.

An ascending triangle pattern generally occurs on an uptrend, thereby enduring the price movement in the same direction. Generally, a reverse pattern is considered a trend continuation pattern.

As the name suggests, the ascending triangle carries with it bullish connotations and typically forms in an uptrend, vice versa for the descending triangle. With the swing highs and lows of the ...

Technical Classroom: How to trade using triangle chart patterns One of the important criteria to bear in mind when trading triangles is that there should be at least 4 points of reaction within ...

This pattern is very reliable like the ascending triangles. Volume and other indicators should be considered as factors to confirm the breakdown before entering the trade.

There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles.

The triangle pattern forms because investors think that the stock price won't go much higher in an uptrend or lower in a downtrend.

How to trade an ascending triangle pattern? The ascending triangle has a widely-tracked measuring technique that could help traders identify their profit targets following a breakout or breakdown.

As the name suggests, the ascending triangle carries with it bullish connotations and typically forms in an uptrend, vice versa for the descending triangle. With the swing highs and lows of the ...