As you navigate the complexities of the foreign exchange market, understanding chart patterns like the ascending triangle can elevate your currency trading game to new heights. This comprehensive ...
Correctly identifying and subsequently trading the triangle chart pattern has benefitted many technical forex traders. The triangle pattern is traditionally categorized as a continuation chart pattern ...
Triangle pattern trading is a strategy many day traders use to enter and exit their positions with confidence as prices stabilize. Triangles are a continuation pattern, meaning they’re not marked by a ...
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 ...
Pennant triangle formations feature a series of lower peaks, converging with higher lows. Triangles typically represent pauses amidst a longer-term trend. The majority of triangle patterns resolve in ...
Stock chart patterns can be a vital tool for investors. They provide an exceptionally detailed level of a stock’s trend lines. This can give a major leg up against the competition. This is why they ...
The nature of the oil price trend changes when prices move above $100. The first feature is the rally. This is created by a rapid upward move in prices. The fast move sometimes includes one or two ...