Background
A Triangle Wave Pattern appears to reflect a balance of buying and selling forces. The balance of buying and selling forces causes a sideways movement that is usually accompanied with decreasing volume and volatility.
As I illustrate below, there are 4 main types of Triangle Wave Patterns:
- Running Triangle Wave Pattern
- Contracting Triangle Wave Pattern
- Expanding Triangle Wave Pattern
- Barrier Triangle Wave Pattern
All of the above Triangle Wave Patterns cane sub-divided into 5 Zig-Zag Wave Patterns. That means that Triangle Wave Patterns subdivide into a 3-3-3-3-3 sequence and are typically labeled A-B-C-D-E.
Running Triangle Wave Patterns
Contracting Triangle Wave Patterns
Expanding Triangle Wave Patterns
Barrier Triangle Wave Patterns
Triangle Wave Pattern Trading Tip
