It is an extremely popular type of
triangle chart pattern known in technical analysis.
Gold is rallying ever closer to new bull - market highs as evidenced by its massive multi-year ascending -
triangle chart pattern now nearing a bullish climax.
Micron Technology has experienced a strong rally so far this year and looks ready to breakout from an ascending
triangle chart pattern.
Not exact matches
On the annotated weekly
chart of $ GLD below, notice the descending
triangle pattern that preceded last Friday's breakdown below key horizontal price support:
On the daily
chart, the CNYUSD has been trading in a
triangle pattern since early October, and a break - out in price either up or down from this level can be expected in the next few days.
Next, enter a
triangle pattern indicator into your software and calculate the wide point on the
chart.
- Copper is putting in a meaningfully large
triangle pattern on the weekly
chart that comes at what looks like may be the end of a major downtrend.
On the
charts, Ethereum has formed a large symmetrical
triangle, which usually acts as a continuation
pattern.
The Ascending
Triangle Pattern is formed when a
chart has higher and higher lows with a resistance level it can not break through.
The higher March low formed what
chart analysts would identify as an ascending
triangle, a «consolidation»
pattern that is typically interpreted as a pause in price action that implies a continuation of the trend that preceded the
triangle — in this case, up.
However, price action in recent weeks has shown some strength so one interpretation is that the break above or below the
triangle pattern drawn in the
chart above will dictate the next big move.
They are very significant in observing the long - term trends and observing
chart patterns like heads, shoulders and
triangles, without much surrounding noise.
# 2 Ascending
triangle pattern support: NGS daily chart shows that the stock has currently taken support at the bottom of the Ascending Triangle
triangle pattern support: NGS daily
chart shows that the stock has currently taken support at the bottom of the Ascending
Triangle Triangle pattern.
An Ascending
Triangle pattern is a bullish
pattern and is marked in the
chart in purple lines.
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Chart Patterns such as
Triangles, Wedges, Tops and Bottoms are identified.
I am Trader since 2014 and I believe Trend Following
Chart Patterns like
Triangles, Pennants, Flags, Rectangle.
These
chart patterns include
Triangles, Rectangles, Head & Shoulder, and more.
There is a contracting
triangle pattern forming with resistance at $ 11,400 on the 4 - hours
chart of...
A
triangle pattern can be seen on the 4 - hour
chart.
Yesterday's highlighted contracting
triangle pattern with current resistance at $ 323 holds the key on the hourly
chart of BCH / USD (data feed from Kraken).
There is a major contracting
triangle pattern with resistance at $ 320.00 forming on the 4 - hours
chart of ETH / USD (data feed via SimpleFX).
There is a short - term contracting
triangle pattern with resistance near $ 335.50 forming on the hourly
chart of ETH / USD (data feed via SimpleFX).
There is a contracting
triangle pattern forming with support at $ 600 on the 4 - hours
chart of BCH / USD (data feed from Kraken).
What we have on the daily
chart is a descending
triangle pattern, which forms when a falling trend line and a horizontal support line converge.
There is a contracting
triangle pattern forming with support at $ 600 on the 4 - hours
chart of BCH / USD.
Furthermore, both the downward trend line on the upper side of the
triangle, and the upward trend line on the lower side of the
triangle pattern have been touched by price action on more the three occasions after a price swing to the opposite side (Refer to
Chart # 1).
The technical
pattern highlighted on this Ethereum price
chart is a
triangle.
Chart # 3 below shows how Litecoin is trading at the apex of a descending
triangle pattern for which it has broken slightly below the lower support level line.
This second Ethereum
chart illustrates that the
triangle pattern highlighted on the previous
chart is a midpoint within a much larger bullish trend.
The technical
pattern highlighted on this Ethereum
chart is a
triangle pattern.
If I back up and take a longer - term approach to this ETH coin price
chart, it illustrates that the
triangle pattern is actually a consolidation wave, acting as a midpoint within a larger bullish trend.
The asymmetric
triangle price
pattern is even more pronounced in the intraday
chart as price action reaches the apex of the
pattern.
The Daily
chart below shows the asymmetric
triangle price
patterns in purple.
The horizontal lower line for the
triangle pattern at $ 180.94 is holding strong, and volume and daily range have been very weak over the past 5 - days, as shown in the 15 - minute
chart above.
With this price action, an ascending
triangle pattern appears to be emerging on the weekly
chart with the breakout point at 118.50.