Lesson 4 of 7
3 types of triangles:
· Triangle is a continuation pattern.
· You wan’t to see price rotate several times between low and high of the triangle before breaking out.
· “Free space” in triagle is an invalidation.
· Volume should be declining through the triangle formation.
· You wan’t to see massive increase when breaking out of triangle.
You can trade triangle on any given TF, but as with every pattern, it trades better on HTF.