"If you keep detailed records you can learn from past trades and increase your chances of recognizing your strengths and weaknesses.
- Tony Oz, author, The Stock Trader"
Triangles form when prices attempt to a series of higher highs and lower lows or combinations of peaks/vallies within a range (like in coil) suggesting impending price breakout/breakdowns. These triangles are bound by two trendlines. Triangles form in any market and are quite reliable. When prices starts to trade outside the uppper/lower trendlines, they are considering breaking out (upside/downside). Triangle Types: Symmetric, Ascending and Descending Triangles