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The triangle pattern is known as a bilateral pattern, which means that after a break-out the trend could either continue or reverse. There are basically 3 types of triangles and they all point to price being in consolidation: symmetrical (price is contained by 2 converging trend lines with a similar slope), ascending (price is contained by a horizontal trend line acting as resistance and an ascending trend line acting as support) and descending (price is contained by a horizontal trend line acting as support and a descending trend line acting as resistance).

The more price approaches the apex (where the trend lines converge), the bigger the chance of a break-out. The triangle pattern has completed when price breaks out of it, in either direction. Conservative traders may look for additional confirmation. The target can be estimated by measuring the height of the back of the triangle and extending it in the direction of the breakout. A common stop level lies just outside the triangle.
lukegreen439 lukegreen439 EURUSD, 1D,
EURUSD: EUR/USD - Symmetrical Triangle breakout coming soon!
96 0 2
EUR/USD - Symmetrical Triangle breakout coming soon!

This week the EUR/USD has hit a major resistance point, shown above, having been tested twice and upon both occasions the price has been rejected. Watch closely this coming trading week, depending on news releases throughout the week regarding both the euro and US dollar (beginning Monday 24th April), could tip the price either way. Will be posting an update and ...

BenevolentBadger BenevolentBadger BTCUSD, 1W, Long ,
BTCUSD: BTC - Bears loosing steam?
273 3 1
BTC - Bears loosing steam?

Weekly view of BITTREX:BTCUSDT seems to show that the Vol osc is falling quicker with every push down. Bears seem to be losing volume to push further and this could be a sign of trend reversal soon. Stoch is also showing oversold as well as the Sym triangle holding strong - seems very bullish to me(and my semi-amateur TA skills) BTC tips welcomed :) - ...

andmk2 andmk2 CALL, 1D,
CALL: Is this week Cloudcall's breakout week?
2 0 0
Is this week Cloudcall's breakout week?

Perfect triangle pattern formed since Sept 2017 may see Cloudcall back to pre 2015 prices. Wait and see.

EURUSD: Daily Triangle Formed on EURUSD
44 0 0
EURUSD, 1D Short
Daily Triangle Formed on EURUSD

As you can see we have a great couple of technical supporting a further downward move for EURUSD to the 1.22 area, we have also broken and retested a Daily Bullish Trend line, showing signs of rejection from this also. fundamentally the US economy is strong with Investors being worried for the Euro in regards to the lasting effects of the trade tariffs, the Euro ...

chase4fun2018 chase4fun2018 BTCUSD, 15, Long ,
BTCUSD: Bitcoin Keep An Eye On This Uptrending channel for now good luck
132 0 1
BTCUSD, 15 Long
Bitcoin Keep An Eye On This Uptrending channel for now good luck

We are going for another crossover which was well predicted it would happen as we touched the support line for a 5th time , we nearly got a break out but it was pushed back, as we continue up this uptrending channel which is quite obvious the price will increase with movement, there may be some sideways movement but this channel started when we first went bullish ...

andmk2 andmk2 DX., 1D, Long ,
DX.: DX strong breakout from 8.48
11 0 0
DX., 1D Long
DX strong breakout from 8.48

Strong breakout for DX from 8.48 in the last few days. Wait and see what the long term effect is.

HODLord HODLord ADABTC, 240,
ADABTC: ABCDE Descending triangle
58 0 0
ABCDE Descending triangle

A rough guide of how price might follow if we are following ABCDE elliot wave scenario. Any thoughts/opinons appreciated.

ArminZed ArminZed EURUSD, 1D,
EURUSD: Euro-Usd
178 0 2

As long as this line does not break we can take short positions. >>> Follow me for more Charts <<< Good luck :)

andmk2 andmk2 BVC, 1D,
BVC: BATM's chances of a breakout? High.
16 0 0
BATM's chances of a breakout? High.

Chances of a break out from its ascending triangle are high. Wait and see.

ArminZed ArminZed US30USD, 1D,
US30USD: DJI ( Wall Street )
73 0 2
DJI ( Wall Street )

Wait to see clearly breakout then will go in Good Luck!

andmk2 andmk2 MBH, 1W,
MBH: Michelmersh Brick: A decade long ascending triangle
13 0 0
Michelmersh Brick: A decade long ascending triangle

MBH is forming a decade long ascending triangle. No breakout yet, but can it break 100p? Good results show potential for a bullish move, but the pattern is soon to be completed. Need to check in 12 months from now.

SprigganFX SprigganFX GBPAUD, 1D,
GBPAUD: Looking for the breakout in GBPAUD
55 0 1
Looking for the breakout in GBPAUD

My initial thoughts are that this is a bearish pennant, looking for the long-term break to the downside. However it is possible that there has already been a break to the topside (so maybe it's a descending triangle). The open of the Sydney session and price action through monday will aid to clarify whether it will be a long or short position. LONG: With the ...

cryptdee cryptdee USOIL, 240, Short ,
USOIL: USOIL Shorting Setup
77 2 2
USOIL, 240 Short
USOIL Shorting Setup

I'm bearish on oil because 1. Elliot Waves: On the 4H, It has completed the 5 Elliot waves. It's currently in the correction phase 2. Triangles: I've also used the Descending triangle to show the current downtrend in the C correction 3. Fibonnaci retracements - link up well with the Support and Resistance lines of the retracement I'm betting on it going down to ...

Captain_Walker Captain_Walker GBPMXN, 1W, Long ,
GBPMXN: Weekly breakout could be exploited
10 0 0
Weekly breakout could be exploited

GBPMXN (weekly) chart is showing some interesting features, which lead me to be long on lower time frames. There is some sort of triangle, wedge, or pennant following breakout. The pattern is holding above a level of support (at this time). Based on experience, this creates a probability for further moves north. The Aroon is showing that the bulls are still ...

ShaunBC ShaunBC AUDUSD, 1D,
AUDUSD: AUDUSD: Area of Interest
27 0 0
AUDUSD: Area of Interest

AUDUSD: Area of Interest from consilidation in triangle - Bullish Engulfing Candle suggests a strong breakout up may be coming - Stochastic indicator approaching overbought region, there's still buying momentum - Continuation of Bollinger Band bounce up - Sentiment: Await till Tuesday morning to see if breakout happens.

ikc7979 ikc7979 NANOBTC, 240, Long ,
49 0 1
NANOBTC, 240 Long

NANO seems to be forming an ascending triangle as part of a reversal pattern from the recent downtrend. There's been a visible decrease in selling volume the past few days and a sudden recent increase in buy volume (continuously increasing on the 4h time frame) that may be indicative of a trend reversal on its way). It's safe to say that a buy at the touch of the ...

andmk2 andmk2 TSCO, 1W, Long ,
TSCO: Is this Tesco's breakout moment?
87 0 1
TSCO, 1W Long
Is this Tesco's breakout moment?

Is this Tesco's breakout moment after breaking out of a triangle pattern started in early 2015? Good figure from Kantar today have helped the share price but this is just a small part in the general "scheme of things". Limitations: 218p resistance and 200EMA resistance. Once past that then it has room to run.

andmk2 andmk2 MYSL, 1W,
MYSL: Will Mysale head higher?
66 0 1
Will Mysale head higher?

Good results from Mysale may help the company break the triangle pattern that started to form in January last year. Wait and see?

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