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.

The descending triangle pattern is confirmed once the price breaks below the support level with high trading volume, signaling a bearish breakout. These components form a distinct triangular shape ...

Key Takeaways Gold prices have rallied over the past week and are near record-high levels after a wave of profit-taking in ...

The triangle pattern is one of the most popular price patterns in Forex because it is easy to recognize, has a good risk to reward setup, and provides clear and concrete price objectives.

The triangle pattern is likely consolidation of the uptrend from 1204.77, another rise could be expected after the consolidation. On the upside There is a bullish trend line from 1204.77 to 1251. ...

According to Bulkowski (the undisputed authority on chart patterns), descending triangles break up 53% of the time. Further, when the triangle occurs in an uptrend, it is likely to break up 63% of ...