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Alvexo - How to Trade Triangles
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A triangle is a pattern that appears on your price chart. Triangles work great for all assets, including forex, cryptocurrency, commodities, and more.
Triangles develop in the short term and long-term time frames and are created by drawing trendlines along a converging price range. Triangles are like wedges and pennants and can be powerful continuation or reversal patterns. Technical analysts wait to see a breakout of a triangular pattern. Since we already know that the price will break out, we can hitch a ride in whatever direction the market moves.
Barry Norman
The Director of Investors Trading Academy as well as a published author and educator. Barry brings with him over 35 years of financial market knowledge and experience. He holds an MBA in Finance and Economics from UCLA and an undergraduate degree in Economics from the University of Maryland. Barry was awarded the title of “Best Education in Europe” by Global Banking & Finance. Barry is also a presenter for the MoneyShow and many well-known news sources.
Triangles develop in the short term and long-term time frames and are created by drawing trendlines along a converging price range. Triangles are like wedges and pennants and can be powerful continuation or reversal patterns. Technical analysts wait to see a breakout of a triangular pattern. Since we already know that the price will break out, we can hitch a ride in whatever direction the market moves.
Barry Norman
The Director of Investors Trading Academy as well as a published author and educator. Barry brings with him over 35 years of financial market knowledge and experience. He holds an MBA in Finance and Economics from UCLA and an undergraduate degree in Economics from the University of Maryland. Barry was awarded the title of “Best Education in Europe” by Global Banking & Finance. Barry is also a presenter for the MoneyShow and many well-known news sources.