Alvexo - The Incredible Triangle Trading Strategy

Chart patterns, primarily triangles, are perhaps among the most well-used technical analysis tools available to traders and online traders. Triangles are easy to recognize and apply. There are ascending, descending, and symmetrical triangles, as well as wedges and flags. I combine them and call them all triangles. I believe triangles have no direction bias; they alert us to a breakout and what to expect when that occurs. This strategy would allow you to quickly start using triangle patterns for potential opportunities. What triangles do exceptionally well is giving up a buy or sell opportunity as price breaks the support or resistance levels as price moves into the triangle's apex. We can also set target points, stop losses, and entry points. By combining triangles with volume and using candlesticks to verify the breakout, we could have a successful trading scenario.

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 award 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.