Bullish Running Triangle Wave Pattern

Background

Characteristics

Following are some of the characteristics for a Bullish Running Triangle Wave Pattern.

• A Bullish Running Triangle Wave Pattern always develops prior to the last wave action
• After completion of the Bullish Running Triangle Wave Pattern, the length of the final wave upwards can be estimated by calculating the widest part of the triangle (the points between Wave A and Wave B)

Bullish Running Triangle

Here is an example of a typical Bullish Running Triangle Wave Pattern that occurs. The Bullish Running Triangle Wave Pattern is a continuation pattern the continues the uptrend for the share price.

During a bull market, a continuation pattern will continue the uptrend that ceased while the Bullish Running Triangle Wave Pattern developed. While the Bullish Running Triangle Wave Pattern is a continuation pattern, it is technically categorized as a corrective wave pattern.