Triangles. They go right along the rectangles in our school of trading here. And we are to use them to our advantage as much as we can as they can be really helpful in order to spot a future trend.
So. Triangles, just like in your math class can be of several kinds. In the markets they can be ascending, descending and symmetrical. And I think I will start with symmetrical.
Now we go onto the descending triangle.
Ascending triangle is just like its descending brother, only vice versa.
With triangles I should say that wherever the graph goes, its height usually equals the height of the base of the triangle. That is going to help you understand the basic size of the movement.