Descending Triangle Pattern: Overview, How To Trade, Set Price Targets & Examples
When the triangles fail to break the resistance trend line and actually break through the support trend line, it is considered a failed triangle pattern. Traders should be prudent with stop-losses when a triangle pattern fails. In both patterns, traders should pay close attention to the breakout point, which can provide further insight into market direction. For example, if an ascending triangle experiences a breakout above the upper trendline, this can be viewed as a bullish signal. While ascending and...