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Triangle Pattern
Chart PatternsA continuation pattern where converging trendlines form a triangle. Ascending triangles (flat top, rising bottom) are bullish; descending (flat bottom, falling top) are bearish; symmetrical can break either way.
Related Terms
Pennant
A continuation pattern similar to a flag but with converging trendlines forming a small symmetrical triangle.
Breakout
When price moves above a resistance level or below a support level with increased volume.
Continuation Pattern
A chart pattern that signals the existing trend is likely to continue after a pause.