A horizontal trading pattern created by drawing trendlines on a price chart along a converging price range. Characterized as continuation patterns, triangles are used in technical analysis to determine the direction of a trend. Triangles are made up of ascending, descending, and symmetrical patterns.
Triangles
Market Terms
We don't know everything about the markets. We're just devoted to learning. Taken from those smarter than ourselves, here's how we define Triangles.