One of these complex yet beneficial techniques is the triangle. As a continuation pattern, the triangle is used to analyze ongoing market trends. This ubiquitous shape appears when there is indecision ...
Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Alistair Berg / Getty Images A triangle chart pattern is a tool used in ...
XAU/USD (Gold) has been building a contracting triangle chart pattern for a long time. Will the continuation pattern indeed break to the upside as expected? The XAU/USD (Gold) has been building a ...
Based on Monday’s close at $63.62, the next move in the market will be momentum driven. The market is trading inside a triangle chart pattern. The top end of the triangle is $64.26. The bottom end of ...
USD/JPY today broke the Triangle chart pattern identified by Autochartist on the 4-hour charts. Autochartist rates the Quality of this Triangle at the 4 bar level as a result of the low Initial Trend ...
The backbone of most black box trading systems, computerized trading as well as the most successful trading strategies depend on trend actions and chart patterns. With an understanding of trendlines, ...
Technical analysis is one of the most important financial market trading aspects. The analysis sees traders leverage various indicators and study price patterns to try and understand price action to ...
GBP/CHF has recently completed the well-formed Triangle chart pattern identified on the daily charts. We rate the overall Quality of this chart pattern at the 6 bar level as a result of the low ...
A triangle pattern develops in the middle of a trend and typically indicates that the existing trend is likely to continue. As price travels sideways, a triangle chart pattern is generated by drawing ...
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