๐ Triangle Pattern Trading: Entries & Profit Targets ๐ฐ๐
Triangles arenโt just shapes โ theyโre price pressure cookers waiting to explode.
Mastering them means timing your entries and targeting your profits like a pro. ๐ฏ๐ธ
๐ป Descending Triangle ๐ฅ Flat support, lower highs = bearish bias
๐ฅ Entry = break below support
๐ฏ Target = height of triangle projected downward
๐บ Ascending Triangle ๐ฉ Flat resistance, higher lows = bullish bias
๐ฅ Entry = break above resistance
๐ฏ Target = height of triangle projected upward
๐บ Symmetrical Triangle (in example below) โก๏ธ Consolidation, coiling price
๐ฅ Entry = breakout direction
๐ฏ Target = widest part of triangle added to breakout
๐ฅ Whee, price surged up! โ Thatโs what happens when you're on the right side of the breakout. ๐
๐ Learn the shapes. Trust the breakout. Secure the bag.
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