Triangle

Triangle A chart pattern of TECHNICAL ANALYSIS in which there are two base points and an apex on the left. If the apex is one right it makes a reverse triangle. In a proper triangle there are a number of rallies and price drops where each succeeding rally is smaller than the preceding one, and each bottom is higher than the last one. When the share’s price breaks out of the triangle formation upwards or downwards, it is supposed to indicate that the rise or fall will continue for some time

You can leave a response, or trackback from your own site.

Leave a Reply

You must be logged in to post a comment.

Powered by WordPress