# Triangles

Triangle patterns are continuation patterns that appear in the form of a triangle on price charts. They are formed by two converging trendlines, with the price bouncing between these lines. There are three main types of triangle patterns:

1. **Ascending Triangle**: This pattern is formed when there is a resistance level and the higher lows formed by the lows of the price are connected with a trendline. The pattern is typically seen as bullish, indicating accumulation as the price makes higher lows while buyers overcome selling pressure to break the resistance level.
2. **Descending Triangle**: This pattern is formed when there is a support level and the lower highs formed by the highs of the price are connected with a trendline. This is typically seen as bearish, indicating distribution as the price makes lower highs, with sellers overcoming buying pressure to break the support level.
3. **Symmetrical Triangle**: This pattern is formed when there are lower highs and higher lows and the lines drawn to connect these highs and lows converge towards each other. This pattern doesn't have a bullish or bearish bias and a breakout can occur in either direction.

Traders usually enter a long position when the price breaks above the upper trendline in an ascending triangle, or a short position when the price breaks below the lower trendline in a descending triangle. For symmetrical triangles, traders may enter a long position on a break above the upper trendline or a short position on a break below the lower trendline.

<figure><img src="/files/RjIjhnYYRyQk65kC4eYO" alt=""><figcaption></figcaption></figure>

<figure><img src="/files/uQZRfEGzDraZP0R5LGQT" alt=""><figcaption></figcaption></figure>

As with all chart patterns, it's important to consider the triangle patterns within the larger market context and to use other technical analysis tools to confirm signals.


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