1. The Ascending Triangle:-

As we see in the shape peaks level on the same level and mounting bottoms and signal entry in the transaction is the moment of penetrating the upper side of the triangle (where the reference is usually the completion of the upward).

Attachment 22874

Configure the Ascending triangle form:-

The upper border of the horizontal form is based on three peaks, and the bottom limit of the form is in the form of a bullish trendline that contacts three bottoms.

Must come in a clear upward direction.

The form completes conditionally by penetrating the price of the upper limit of the ascending triangle.

The price trades in the last quarter of the triangle are a sign of the weakness of the model, since the price of the upper limit must be breached before the price enters the last quarter of the triangle.

Target of the upward triangle price pattern:-

Calculating the goal of the ascending form is similar to the method of calculating the target of the corresponding triangle where the distance is measured between the first top on the left and the lower limit of the model, which represents the farthest two points in the same way, and this distance is the distance that the price is intended to rise after the upper limit of the pattern is breached.

2.The Descending Triangle:-

As we see in the bottom shape the Descending triangle consists of low peaks and level bottoms and the signal is usually sold down the moment the curve penetres to the lower triangle rib.

Attachment 22875

Configure the Descending Triangle pattern

The bottom border of the form takes a horizontal shape or has a little slope based on it three bottoms, and the upper limit of the model is in the form of a bearish trend plan that treader three peaks.

Must come in a clear downward direction.

The form is completed by falling price below the bottom border of the form with a definite fraction of the day closing.

The price trades in the last quarter of the triangle are a sign of the weakness of the model, since the price of the lower limit must be broken before the price enters the last quarter of the triangle.

target of the Descending Triangle price pattern

Measure the distance between the farthest two points in the descending triangle that represents the distance or the height of the triangle and the lower limit of the model, and this distance is the target the model is expected after the price tag for the lower limit, and the price is only preferred to reach 80% of the target, since sometimes the price is reflected before it reaches 100% % of the expected target.

The upward triangle in the upward direction

Although the descending triangle pattern when it is in a downward trend is within classic models of continuity, its appearance in the emerging market is a reflection signal price, since the composition of the price within the triangle is a reference to the weakness of buyers and the control of sellers over prices, so if it appears in the direction Upward may cause prices to fall.

3. Symmetric triangle pattern:-

consists of falling peaks and ascending bottoms approaching each other until the moment of penetration down or up, so you should observe that the reference in the symmetric triangle may be up or down by the side of the triangle that is broken.

This type of price pattern is in the form of a triangle when it is complete, and this pattern is called a congruent triangle, as the price subsides between two lines, one downward and the other on the same slope as is evident in the attached picture.

It should be noted that the Congruent triangle pattern comes in two directions, the possible mouth to appear in the upward direction to indicate that the ascent is still in place, and it can be in the downward direction to indicate that the sellers still control the prices.

Symmetric triangle pattern :-

The goal of the corresponding triangle price model is to measure the distance between the first top and the lower limit of the model in the upward direction, and the opposite in the downward direction is the distance between the first bottom and the upper limit of the triangle, in other words, is the distance between the two farthest points in the triangle, so the price target is after The pattern completes is equal to this distance.

So we're done with the first type of triangle pattern that is one of the most popular price models of continuity used in technical analysis.

Attachment 22873