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Chart Patterns | Triangles & Channels

Chart Patterns | Triangles & Channels

1- Ascending Triangle :-

An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows.

2- Descending Triangle :-

In descending triangle chart pattern, there is a string of lower highs that forms the upper line. The lower line is a support level in which the price cannot seem to break.

3- Symmetrical Triangle :-

A symmetrical triangle is a chart formation where the slope of the price’s highs and the slope of the price’s lows converge together to a point where it looks like a triangle.

4- Parallel Channel :-

A Parallel Channel is a chart pattern formed when the price is bounded by parallel support and resistance levels.

5- Ascending Channel :-

An ascending channel is a chart pattern formed from two upward trend lines drawn above and below a price representing resistance and support levels.

6- Descending Channel :-

A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels.

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