3 Secrets That Will Bring You Success For Any Triangle Pattern

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wisepowder

Age: 2021
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Not all triangle patterns are as powerful and reliable. In fact, triangle patterns often fail to deliver. However, there are 3 secret
characteristics of those which are highly reliable. The profits that
these triangles bring are usually massive, out-sizing the amount of
risk.To get more news about WikiFX, you can visit wikifx official website.
Before diving in to the 3 secret characteristics, youll need to know
how triangle chart patterns look like and the 2 most common types of
triangles.
#1 Ideal Symmetrical Triangle

Characteristics
1. At least 4 swings (up and down)
1. Each peak is lower than the previous and each bottom higher than the previous
2. Prices and volume diminish as the pattern is formed
3. Prices and volume usually move sharply upon the breakout (only for a bullish breakout)
#2 Ideal Right-Angled Triangle
Characteristics
1. At least 4 swings (up and down), with one of the lines being horizontal, hence the name of this triangle pattern
1. Each peak is lower than the previous and each bottom higher than the previous
2. Prices and volume diminish as the pattern is formed
3. Prices and volume usually move sharply upon the breakout (only for a bullish breakout)
What Happens Inside The Triangles?
In a bullish triangle, the bulls and bears are having a massive fight.
Initially, the bulls look to be winning, but the bears wont give up
without a fight. As the bulls push prices up to a certain level, the
bears step in, pushing prices down. The same cycle repeats, forming a
triangle.
In a bearish triangle, the bears force prices down before the bulls
wake up to push prices back up. This cycle repeats, forming a triangle.
3 Secret Characteristics
You have learnt how to identify and differentiate the 2 main types of
triangles. You are ready to discover what the 3 secret characteristics
are.
These 3 secret characteristics improve the reliability of the pattern:
1. The nearer the breakout occurs to the apex, the better
2. The more prices touch the lines, the better
3. Be wary if the volume is low during the bullish breakout
Posted 17 Nov 2020

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