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 covers a ...
We’ve looked at reversal patterns (head and shoulders pattern and inverse head and shoulders pattern). In this lesson, we cover continuation patterns, specifically the symmetrical triangle pattern.
Continuation patterns are a type of chart pattern that forms during a temporary pause in an existing market trend before it resumes. These patterns suggest that the forex market is taking a breather ...
Triangle pattern trading is a strategy many day traders use to enter and exit their positions with confidence as prices stabilize. Triangles are a continuation pattern, meaning they’re not marked by a ...
Bank of America's inside bar leans bullish because the stock was trading higher before forming the pattern If the bear flag becomes the dominate pattern, the stock could fall toward the $27 mark Get ...
Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Alistair Berg / Getty Images A triangle chart pattern is a tool used in ...
Symmetrical triangle formation suggests a potential breakout. Key Fibonacci levels indicate resistance and support zones. RSI momentum remains neutral, awaiting confirmation. Jito (JTO) trades within ...
Dogecoin has entered a crucial trading phase after forming a symmetrical triangle pattern that analysts say could spark a 40% price move in either direction. The meme coin, which has gained global ...
Natural gas turns down and drops to a five-day low as heads towards a test of support at the lower boundary line of a symmetrical triangle. At this time of this writing the low for the day was 1.63, ...
XRP, the token closely related to Ripple Labs, is showing signs of a potential breakout as its price chart forms a symmetrical triangle pattern alongside other bullish technical indicators. XRP has ...