Ascending and Descending Triangles in 2 Minutes

Ascending Triangle Pattern and Descending Triangle pattern is the best representation of who holds the strength in the market.
In this video I will teach you the concept behind the Ascending and Descending Triangles and why you should trade them.

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The Triangle Chart pattern is one of the most frequently found Forex patterns on the price charts. Technical traders prefer trading this pattern as it provides greater insight into the future price movement and the upcoming resumption of the current trend. This is a consolidation pattern that occurs in the midway of the trend, and it signals the continuation of the existing trend.

The Triangle pattern is formed between the two converging trend lines as the price temporarily moves into a small range. We must wait for the breakout to happen in an existing trend to take a trade. There are three types of Triangle chart patterns, and they are the Ascending Triangle, Descending Triangle, and The Symmetrical Triangle.

Ascending Triangle
It typically appears in a bullish trend. When the price action breaks the upper horizontal trend line with increased volume, it indicates a buy signal.

Descending Triangle
It is a bearish continuation pattern, and it appears in a downtrend. When the price action breaks the lower horizontal trend line with increased volume, it implies that the original sellers are back in the show, and it is an indication for us to go short.

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The information contained here and the resources available for download through this website is not intended as, and shall not be understood or construed as, financial advice. I am not an attorney, accountant or financial advisor, nor am I holding myself out to be, and the information contained on this Website is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation.

We have done our best to ensure that the information provided here and the resources available for download are accurate and provide valuable information. Regardless of anything to the contrary, nothing available on or through this Website should be understood as a recommendation that you should not consult with a financial professional to address your particular information. The Company expressly recommends that you seek advice from a professional.

*None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

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[jaygoodwin]

Golden. Others just say it works., but knowing WHY we hit the resistance levels and trends helps it sink in!

[thoomm]

LOVE this new format, very timely also looking at ETH; you explained it clearer than any other guy on youtube

[damustafa]

So glad you went beyond the 2 minutes thank you

[webventures]

Lots of great info in this short video! I vote for more of them.

[pascalh]

Nice episode! Can you also to a quick tutorial how you handle a situation when you have both, hidden bullish and bearish divergence on the RSI?

[cryptoknite]

Loved it man, , i lost a shit ton of cash before i started watching your you tube channel, , so i vowed to first crack the graphs before i lose any more, , been running a demo for the last 7 months and its going great since i started keeping a trade journal and adhering to youre advice, . Thanks bra youre legit.

[HereWeGoAgain]

Thank you so much, Arty. Your videos are clear and concise!

[sazzafrazz]

Two minute...or five minute I'm in! Thanks Arty! :)

[sleepypai]

Literally, 2 minutes "each" and 50 sec introduction :D
thank you by the way

[drivewithbishop]

Love the triangles! The've helped me make spot on entries

[ebengakus]

Amazing we just voted a few days ago on our telegram channel and you've already done a video on it thanks Arty.

[jayhan]

nice vedio man just watch one of your vedios on price action and this one pop up so ama watch it as well thatnk you very much for your content Arty

[trainstrains]

Yeah you went over...way over. But I'm glad you did. One of the simplest explanations I've heard. Thank you.

[abencity]

This is great. Simple and to the point. Thank you!!

[tommyross]

Always got heaps of gold nuggets Arty!! Thanks for everything you give!!

[ikeherbst]

Another great video, siyabonga! all the best

[debbiehinga]

Wow! I havent been on youtube in a while but so cool to come back to see 2minute Tuesdays!! Awesome work as always :D

[juancarlosmeneses]

Great video! Thanks.
What's the difference between a triangle and a wedge?

[Taaj_Angad]

Thankyou very much, even though I knew this but after watching your video I felt like I didn't know this.

[Elcuisto]

Very closed to the 2mn 🤣🤣🤣. I'm sure next will be closer and closer 😉. Anyway thanks a lot great format !