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Chart Formations | Triangles | PFG Futures

Triangles
  • Symmetrical
  • Chart Formations | Triangles | PFG FuturesA price bar pattern in which the slope of price bar highs and lows are converging to a point so as to outline the pattern in a symmetrical triangle. Chartists frequently “buy” or (go-long) on a break up and out of the Symmetrical Triangle or “sell” (go-short) on a break down and out of the Symmetrical Triangle.

  • Ascending Triangle
  • Chart Formations | Triangles | PFG FuturesA price bar pattern in which the slope of price bar highs and lows are converging to a point so as to outline the pattern in Right Triangle. The hypotenuse in an Ascending Triangle should be sloping from lower to higher and from left to right. Chartists frequently buy or (go-long) on a break up and out of the Ascending Triangle or sell (go-short) on a break down and out of the Ascending Triangle. However, Ascending Triangles are generally thought to demonstrate a stronger bias towards predicting a break up and out of the Triangle, particularly when the trend leading up to the formation has been up.

  • Descending Triangle
  • Chart Formations | Triangles | PFG FuturesA price bar pattern in which the slope of price bar highs and lows are converging to a point so as to outline the pattern in Right Triangle. The hypotenuse in an Descending Triangle should be sloping from higher to lower and left to right. Chartists frequently buy or (go-long) on a break up and out of the Descending Triangle or sell (go-short) on a break down and out of the Ascending Triangle. However, Descending Triangle are generally thought to demonstrate a stronger bias towards predicting a break down and out of the Triangle, particularly when the trend leading to the formation has been down.

  • Non-Symmetrical
  • A price bar pattern in which the slope of price bar highs and lows are converging to a point so as to outline the pattern in a non-symmetrical triangle. Chartists frequently “buy” or (go-long) on a break up and out of the Non-Symmetrical Triangle or “sell” (go-short) on a break down and out of the Non-Symmetrical Triangle.

    Chart Formations | Triangles | PFG Futures    Chart Formations | Triangles | PFG Futures

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