- This topic has 0 replies, 1 voice, and was last updated 8 years, 9 months ago by
.
Viewing 1 post (of 1 total)
-
Posts
-
triangle pattern signals a period of consolidation with 4 to 5 smaller ups and downs in a trend followed by a resumption of the prior trend
it is formed by the convergence of a descending resistance line and an ascending support line
if preceded by a downward trend the focus should be an a break below the ascending support
if preceded by an upward trend look for a break above the descending resistance line
volume again plays an important role in the breakout to the downside
the time duration is about 3 months
Viewing 1 post (of 1 total)
- You must be logged in to reply to this topic.
