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. đŻđž
đ» Descending Triangle đ„ Flat support, lower highs = bearish bias
đ„ Entry = break below support
đŻ Target = height of triangle projected downward
đș Ascending Triangle đ© Flat resistance, higher lows = bullish bias
đ„ Entry = break above resistance
đŻ Target = height of triangle projected upward
đș Symmetrical Triangle (in example below) âĄïž Consolidation, coiling price
đ„ Entry = breakout direction
đŻ Target = widest part of triangle added to breakout
đ„ 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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