Talking Points: The triangle formation can show in three varieties; we outline each below.Triangles signal congestion or consolidation as the range of price movement decreases.Traders can look to trade breakouts by treating triangles like other congestion patterns. The Triangle Trending markets will often put in a series of ‘higher-highs’ and ‘higher-lows’ (during up-trends), or ‘lower-lows,’ and ‘lower-highs,’ during down-trends. But what about ...
Talking Points: Recap of the Zig-Zag & The Study of CorrectionsThe Second Pre-Trend Pattern: TrianglesSetting Stops & Profit Targets “All patterns fail, but the key is to know when to trade them and when to avoid them.” -Suri Dudella Trading patterns can be seen as a short-cut to in-depth technical analysis. You were recently introduced to the first type of corrective trading pattern known as a 3-wave correction or zig-zag, which commonly plays ...
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