《How to Trade Triangle Patterns》.docVIP

How to Trade Triangle Patterns Triangles can be traded by entering a position when the support or resistance line is broken and a stop-loss can be placed outside the opposite side of the formation. Depending on the type of triangle present, it can have certain tendencies that may aid traders in predicting the ultimate breakout direction. When a breakout does occur, the pattern provides an entry point and stop loss for the trade.?How far the breakout pattern is likely to go can be estimated by using a profit target, attained by taking a measurement from the triangle.? Using triangles in this wa