Triangle pattern - Triangles: A Short Study in Continuation Patterns

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Those instances usually happen when the ascending triangle develops within a downtrend.

  • If it develops within a downtrend it can be considered a bearish continuation pattern.

  • With the ascending triangle, we can have a perfect head start, and see the trading opportunity before it happens.

Ascending Triangle Pattern: Full Guide [2022]

I hope you found this article helpful and you learned something new.

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  • Conversely, when a symmetrical triangle appears within a down trend, the chances of a break out to the downside are more valid.