Ascending, descending, and symmetrical triangles. Price converges to the apex before breaking out with momentum.
Indicators Used
Trendline DetectionVolumeADX
Rules
๐ Entry Rules
- Ascending triangle: Flat top + rising lows โ bullish
- Descending triangle: Flat bottom + lower highs โ bearish
- Symmetrical: Trade the breakout direction
- Enter on close beyond triangle boundary
- Volume must increase on breakout
๐ก Pro Tip
Breakouts that occur 50-75% through the triangle (from base to apex) have the highest success rate.