đ Triangle Pattern Trading: Entries & Profit Targets đ°đ
Triangles arenât just shapes â theyâre price pressure cookers waiting to explode.
Mastering them means timing your entries and targeting your profits like a pro. đ¯đ¸
đģ Descending Triangle đĨ Flat support, lower highs = bearish bias
đĨ Entry = break below support
đ¯ Target = height of triangle projected downward
đē Ascending Triangle đŠ Flat resistance, higher lows = bullish bias
đĨ Entry = break above resistance
đ¯ Target = height of triangle projected upward
đē Symmetrical Triangle (in example below) âĄī¸ Consolidation, coiling price
đĨ Entry = breakout direction
đ¯ Target = widest part of triangle added to breakout
đĨ Whee, price surged up! â Thatâs what happens when you're on the right side of the breakout. đ
đ Learn the shapes. Trust the breakout. Secure the bag.
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