He is a Chartered Market Technician (CMT). Alistair Berg / Getty Images A triangle chart pattern is a tool used in technical analysis. Named for its resemblance to a series of triangles ...

Is the breakout to new all-time highs in U.S. blue chip names ... me – when triangles, like the one the DOW is stuck in now, breakout and fall back into the pattern, it had better regain ...

Nevertheless, each is a consolidation pattern. The expanding triangle ... line and the rising trendline at the top of the triangle (blue arrow), can be used as a guide. Those two lines cross ...

or below support (blue). The GBP/USD could be in a bullish triangle. In that case price could have just completed the final wave E (green) pattern. This scenario is confirmed as long as price ...

Market analysts rely on many technical indicators to anticipate future trends, one of which is the very-popular ascending triangle chart pattern. As the name indicates, an ascending triangle on a ...

That has resulted in a so-called descending triangle pattern, comprising a downward sloping trendline, representing lower highs and a flat trendline, representing a solid support level.