Triangle (symmetrical, ascending, descending)
Price compression between two converging trendlines. Breakout expected.
Continuation
Difficulty: ●●○○○
Reliability: 6/10
- Symmetrical: 2 converging trendlines, ~60% breakout in prior trend direction
- Ascending: horizontal resistance, rising support → bullish bias
- Descending: horizontal support, falling resistance → bearish bias
Apex usually hit at 75% of pattern length — if no breakout by then, reliability drops.
When to look
After a directional move (triangle is a pause).
Confirmation
Close outside trendline with volume.