How to Trade Triangles on a Stock Chart
Posted on Thursday, April 7, 2022 at 4:40 PM
Dan Passarelli, CEO - Market Taker Mentoring
In this video you will learn how to trade triangles on a stock chart. A triangle, in this case a "symmetrical triangle," is a simple chart pattern consisting of both an upslope and a downslope that are converging. As they converge, the stock's volatility is constricting and building up pent-up energy, becoming poised for a breakout. Once the stock permeates one of the slopes, the trader expects continuation in that direction. Triangles are best traded as swing trades or short-term trades.
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