Turning Triangle Patterns Into Successful Trading

Chart patterns are perhaps one of the most well used technical analysis tool available to professional traders as well as online traders. Triangles are easy to recognize and apply. There are ascending, descending, and symmetrical triangles as well as wedges and flags. I personal combine them and call them all triangles. I believe triangles have no direction bias, they just alert us to a breakout and then what to expect when that breakout occurs.
Traders who follow the directional bias of the particular triangles will find they are disappointed as I show you in class, the predisposed direction signals are just about a 50% success ratio. What triangles do exceptionally well is give up a buy or sell opportunity as price breaks the support or resistance levels as price moves into the apex of the triangle. We can also set target points, stop losses and entry points.
By combining triangles with volume and using candlesticks to verify the breakout we can have a hugely successful trading scenario.

[chartdavinci]

Had to brush up on my triangle skills this was amazing thanks for this... The 3rd candle is key for confirmation.

[thescapegoat]

Amazing lesson exactly when I was contemplating how to enter the triangle exit. Thank you for this educative material

[KayP]

Great video! Seeing those pattern is extremely helpful. So many people mix pennant with wedges, very good explanation here.

[kanwarlalkothari]

Nice information needed for viewers Thanks

[fejocelynmerced]

Thank you so much, you've been very helpful. God bless your kindness.

[swithmand]

Fantástico, easy to follow and understand.Gracias

[abdullahiomarr]

very very useful information thanks a lot sir

[simaoluis]

Triangle pattern works. I'm a breakout trader. I trade the breakout of patterns such as triangles and wages, not support and resistance.

[danraes]

Does this work with stocks instead of forex ?

[alycejacobmichalczyk]

Hi, is the third breakout candle strictly on the 4hr chart or can it be applied for daily candles?

[justintx]

it's 2021 i'm trading xrp lol nice