Expanding triangles are the exception because they ... analysis recognizes at least five different types of triangular chart patterns, with the ascending, symmetrical and descending triangle ...

The weekly chart is used to clarify the situation. You can see that gold has been evolving an expanding triangle consolidation pattern for more than two years. Two trendlines define the borders of ...

This classic chart pattern is formed by two key components ... triangle patterns like the symmetrical, descending and expanding triangles. Forex traders often look for ascending triangles during ...

This is easier to see on an intraday chart (see 30min ... Yet, if the expanding triangle remains in play, it may be a false breakout as the consolidation pattern expands, as it is supposed to.

He is a Chartered Market Technician (CMT). Alistair Berg / Getty Images A triangle chart pattern is a tool used in technical analysis. Named for its resemblance to a series of triangles ...

That price area is also identified by a measured move and target derived from the measuring objective of the expanding triangle. A large, measured move chart pattern is marked by two rising arrow ...

Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. Her expertise ...

Market analysts rely on many technical indicators to anticipate future trends, one of which is the very-popular ascending triangle chart pattern. As the name indicates, an ascending triangle on a ...