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ULTIMATE Triangle Chart Pattern Trading Strategy (Ascending, Descending, Symmetrical)
A descending triangle is a chart pattern used in technical analysis created by drawing one trend line connecting a series of lower highs and a second. Triangle patterns are a variant of continuation patterns, indicating whether a particular trend is likely to continue. A triangle is a continuation pattern used in technical analysis that looks like a triangle on a price chart.

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The price should touch the resistance level for an ascending triangle or the support level for a descending triangle at least twice, and the entry should only take place on or after the third touchpoint. Ascending Channel: Definition, How To Use to Trade, and Examples An ascending channel is the price action contained between upward sloping parallel lines. In this strategy, traders use the descending triangle pattern to anticipate potential breakouts, and the moving average indicators trigger the signal to initiate a trade. Ascending Triangle.

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