![]() ![]() ![]() As the price moves toward the apex, it will inevitably breach the upper trendline for a breakout and uptrend on rising prices or breach the lower trendline forming a breakdown and downtrend with falling prices. Symmetrical Triangle: A symmetrical triangle is composed of a diagonal falling upper trendline and a diagonally rising lower trendline.The lower trendline, which was support, now becomes resistance. The breakdown occurs when the price collapses through the lower horizontal trendline support as a downtrend resumes. The upper trendline declines diagonally toward the apex. The lower trendline should be horizontal, connecting near identical lows. Descending Triangle: A descending triangle is an inverted version of the ascending triangle and considered a breakdown pattern. ![]() The upper trendline, which was formerly a resistance level, now becomes support. Eventually, the buyers lose patience and rush into the security above the resistance price, which triggers more buying as the uptrend resumes. The lower trendline is rising diagonally, indicating higher lows as buyers patiently step up their bids. The upper trendline must be horizontal, indicating nearly identical highs, which form a resistance level.
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