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Igor

Triangle Definition

By Igor, in Trading Dictionary

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Igor    10

Igor
Posted (edited)

There are three types of triangles: ascending, descending and symmetrical triangles. Ascending triangles have an ascending lower trend line, descending triangles have a descending upper trend line while a symmetrical triangle has an ascending and descending trend line.While there is always a trend line that is diagonal on orientation, the other trend line could be flat, ascending or descending. The triangle patterns will eventually terminate in a breakout from one or the other trend line.

Edited by Igor

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