Part 55 | Triangle Pattern
In a triangle, price gradually contracts — highs get lower, and lows get higher. This means a big move is coming, but it could go in either direction. A savvy trader prepares for both possibilities in advance.
How to trade:
1. Set alerts at both edges of the triangle
2. Enter in the direction of the breakout when it’s accompanied by volume
3. Don’t jump in by guessing before the breakout
Remember: contracting price = a powder keg; the spark could come from either side.
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In a triangle, price gradually contracts — highs get lower, and lows get higher. This means a big move is coming, but it could go in either direction. A savvy trader prepares for both possibilities in advance.
How to trade:
1. Set alerts at both edges of the triangle
2. Enter in the direction of the breakout when it’s accompanied by volume
3. Don’t jump in by guessing before the breakout
Remember: contracting price = a powder keg; the spark could come from either side.
Follow 👇